The Vet

Chavez's Recent Statement Positive For Crystallex

yippee, I wasn't trying to "muscle in" with comments about another company. I was merely trying to point out that the building of the already approved Brisas mine may alleviate much of the pressure on Chavez to provide jobs in the region. GRZ has $200 million in cash already available, sufficient to commence construction quite soon.

However the parts where you say you are not in agreement indicates you do not appreciate the size and scope of the Brisas project. If you check the executive summary prepared for Gold Reserve by Aker Kvaerner as part of their bankable feasibility study, pages 18 and 19 headed Manpower Requirements, you will find that by the second year they anticipate employing 2,197 on Engineering and Construction, and for years 1 to 15 of production the manpower requirement is anticipated to be range of 674 - 934.

These numbers are considerably larger than the equivalent for the proposed Las Cristinas mine regardless of what you would imagine.

Source GRZ web site goldreserveinc.com/doc...

Chavez's Recent Statement Positive For Crystallex

Yippee, we all agree on the statement "You are right that unemployment - particularly in this area of Bolivar State - is very high, and this is causing considerable social problems, too. "

However you have ignored the fact that Gold Reserve at Brisas right next door are commencing building their mine this month and they will employ thousands of workers commencing within weeks. The Brisas mine is bigger and requires more capital expenditure than the proposed initial Las Cristinas operation. Once GRZ starts putting those people to work, and they see "on the ground" progess it will take some pressure off Chavez in regards to local employment issues.