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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
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Message: GRZ has filed its form 6-K .... Q2 financials

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Re: GRZ JV?

in response to Re: GRZ JV? by cantjustread
posted on Aug 12, 08 04:56PM


GRZ JV?

I doubt it.............GRZ's au grade is so low that it would take 10 to 15 years to get to it, if the projects were combined. Las Cristinas is a higher grade deposit and if they mine the highest grade first it will take a long time before they get to GRZ's ore. What possible benefit would there be for KRY.......I just don't see it unless they are forced to merge by Ven. Not only is they're the grade discrepancy that would cause problems, but they have totally different mining plans. KRY would much rather mine $800. to $1000./oz. gold instead of $3.00 per/pound copper, that right $3.00 a pound. What sounds like a better approach to you, $16000.00 a pound gold, or $3.00 a pound copper. Mining the copper reduces the gold yield, so KRY will wisely forgo processing the copper. At least that's the way I see it, anyway.

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