For simplicity's sake in calculating comparative in ground value am using $1000 gold price per ounce and $3 copper per pound.

GRZ: 10.4 million oz. Au and 1.3 billion lb. Cu
That is 10.4 billion for gold amd 3.9 for the copper, total $14.3 billion.
Add to that about $700 million for the mine, hat makes an even 15 billion.

KRY: 13.6 million oz. Au and possibly billion pounds of copper?
$16.6 billion.

That makes a total from both of 31.6 billion dollars, of which GRZ makes up 47.5% and KRY 52.5%.

Therefore Venezuela through CVG could be aproximately 52.5% majority owner of both deposits ( political correctness based on past governmental rhetoric ) by merely buying out Crystalex's contract while we lose no monetary value through a minority hold. It also means that we become the operator of the mine unless someone buys us out. I do not give much possibility to Venezuela buying us out also, because they need an operator.

The only land mine that I see in this scenario is the possible ground contamination that supposedly exists at Cristinas and therefore who would have to clean it up and at whose cost. Obviously a sore point with a certain minister that would have to be placated.

How is that for logic? Would appreciate comments about any omissions or faults in it.

p.s. I have not heard today's conference call so would appreciate a tip should a recording be made available at GRZ site or elsewhere. Ed.