jimmijazz the cost to build GRZ mine was 750 mill cost of production is $270 very profitable at todays price $1100 and Grz doesnt want to mine Lb now, they dont own it nor do they want it back.

That is why I don't see VZ in any rush to settle with GRZ. Given the current costs in building a mine for LB and the focus on copper as well as gold makes the property less attrative than LC. When you add in selling 60% of the gold to the BCV at a reduced price and the taxes on profits Doug has said LB wasn't profitable. This is why they don't want it back and other countries/companies aren't interested either. GRZ wants a settlement or arbitration because they would get a better return on their investment over mining LB. VZ has given Grz a break by taking the property away from them.

The problem with KRY is that they are in Venezuela, just about out of money and so over diluted that it will be almost imposible to get $$$ and with copper at 340 a pound and China buying lots of it Kry plan doesnt include recovering theirs. good luck

The reasons why Kry doesn't want to recover the copper have been posted many times. $3.40 a pound for copper is great but compared to $1160 an ounce for gold not so much. Even if they wanted to recover the copper they don't have the rights to do so.

If VZ wants to issue gold backed bonds they won't be doing it by mining copper. That is not to say that Kry can't make a deal for others to recover the copper from the trailings.