THE EURASIAN T E X A S

[AJrWennerGren]

K A Z A K H S T A N - THE EURASIAN TEXAS

www.ivarkreuger.com/gold.htm

The Liberty - Well Worth Fighting For

Kazakhstan is a Prime Example

www.ivarkreuger.com/liberty.htm
TEXTTEXT

[goldsmith]

*** EGX GOLD. From Deposit to Jewelry ***

RE: Eurasia Gold Corp. ~
~ Andas-Altyn Mining Company Ltd. ~

~ EGX at the EXPO Mining Show ~

the CIS (Altynalmas OJSC,
Kyrgyzaltyn OJSC, et al.) and other
Western countries
Gold Fields Ltd ...

www.amscort.ru/gold/eng/results04.htm





www.kitconet.com/images/live/au0001wb.gif

RE: EGX GOLD $395.60 per ounce +$3.60/Au oz

GOT EGX GOLD MINES SHARES ?




www.kitco.com/LFgif/au0365nyb.gif

www.eurasiagold.com

www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Language=en&QuoteSymbol_1=egx&x=28&y=13

RE: EURASIA TAKEOVER GAME CONTINUES eze money
Thanks eze money, Eurasia Gold Corp.

President Baltabek Mukashev who has been the production
manager for EGX two Gold Mines with about 600 workers
and been able to pay off the debt in the past...
run with a good profit and low operating cost...
with a low grade bellow Au 2 gram/ton and
still make an excellent profit...

that's why -- that currently it is engaged into
talks with three international partners,
including -
Rothschild - Standard Bank London, IP Morgan and Ernst&Yong
to select a consultant for...

Eurasia Gold Corp. to be a pipeline for capital
to develop their...

-- 85 TONS OF GOLD -- Reserve...
the top of the Au ize - iceberg

www.ivarkreuger.com/liberty.htm

LORD LANG OF MONKTON, Thistle, Chairman of the Board said,,,

We have completed negotiations to sell our 57.7% stake
in <b>Eurasia Gold Corp to a group of Kazakh based investors
for $3.5m in cash and $1.6m-worth of shares
in their company, Charaltyn, which is listed
on the Stock Exchange in Almaty.</b>

LORD LANG OF MONKTONs excuse was,,,
It is intended that the cash will be used for
development purposes at President Steyn.

Whilst the gold price rose strongly during 2003
in US$ terms in the face of a flagging US dollar,
the Rand gold price has been disappointing.
,,,,,,,,,,,,,

- 85 TONS OF GOLD --

RE: EURASIA GOLD CORP. -
Charaltyn...
The Globe Kazak Rep...

- The company's president Baltabek Mukashev announced
speaking Thursday at the company's presentation
to investors in Almaty --

-- that currently it is engaged into
talks with three international partners,
including -
- Standard Bank London, IP Morgan and Ernst&Yong
to select a consultant.

At the same time the company does not plan any
additional shares issue.

"All plans to place the company's shares will be performed
within 3 bn tenge issue already announced last year,"
Mukashev said.

As reported, the company started placing some shares of
the new issue in amount of 600 m tenge at nominal value
1 tenge for one share in late 2003 via KASE.

Currently 17.1 m shares at 3.5 tenge for one are already sold.

In late November 2003 Charaltyn shares were included into
official KASE "A" listing.


-- Charaltyn to double the GOLD production in 2004

This year Kazakhstani based Gold producing company
Charaltyn intends to double its recovery volumes and
-- to produce 2.5 tons GOLD against 1.2 tons in 2003.


The company president Baltabek Mukashev made
such statement at the company presentation for
investors Thursday in Almaty.

Along with that he indicated that positive outlooks
rest on actual technological capacities of the company
and external factors dealing with
the world market of gold.

Thus, this year the company plans to continue its
activities on Mizek gold ore mine (eastern Kazakhstan)
which is the most unique and promising one not only
in Kazakhstan but also in Central Asia.

He added at the moment there is gold processing plant
on site with design capacity 3 tons p.a.

The major task of the company for this year is to
launch mobile complex at Zhaima mine (also in the east)
requiring 300 ml tenge investments.

Along with that Charaltyn is going to conduct
geological surveys on other deposits within
Charski gold ore belt requiring 70 m tenge
investments.

There are also some plans dealing with silver recovery
not only in Eastern Kazakhstan but also in
Northern Kazakhstan and CIS countries.

Commenting on company's financial results for 2003
Mukashev informed that under un-audited data, its
sales volume was 2.21 bn tenge, assets 5.119 bn tenge
(according to audited data of 2002 - 3.15 bn tenge),
liabilities 1.691 bn tenge (1.885 bn), equity
capital 3.427 bn tenge (1.165 bn).

Along with that manufacture prime cost in 2003
was $190 for ounce.

Meanwhile the company head has forecasted insignificant
growth of products prime cost for 2004 up to $200 for
ounce that first of all has to deal with tenge
strengthening.

Charaltyn founded in 1994 recovers gold on deposits
of Eastern Kazakhstan --


-- Currently its Gold reserves in entrails owned
by the company exceed 85 tons.

The region is among the world’s major Au producers.

- It hosts giant (>10 M oz) and
- medium to large orogenic
(mesothermal) Au deposits of -

- the world-class occurs -
- Pb-Zn (Ag-Cu-Au) deposits
- Maikain, Mizek, Tekeli, Shalkiya, Rudny Altai
- (VMS, sedex, sediment-hosted), with major
production from Rudny Altai.

MIZEK -
Dates: 1996 to 1998
Location: Kazakstan
KCA conducted a complete laboratory testing program including
bottle roll, agglomeration and column leach tests
for this heap leach project.
KCA then completed a definitive feasibility study
for a 4000 tonne per day heap leach facility.
All elements of mining, processing, and
infrastructure were included in the study.
KCA provided detailed engineering
and construction management
services for site earthworks,
including the leach pad and
process ponds.

1997 Projected to produce -
80,000 oz gold during the first
full year of prduction -
feasibility study underway -

KAPPES, CASSIDAY & ASSOCIATES
(KCA) has been performing commercial testing
services aimed at providing data for the heap leaching of
gold and silver ores since 1972.
While widely known for its heap leach
range of metallurgical processes.

“Charaltyn” has a license for processing Charsky zone,
which covers 12 thousand square kilometers in
East Kazakhstan.

The company also owns Mizek deposit in East Kazakhstan
and 70% of LLP “”Nurgrim” that has a license for
processing Sugatovskoye and Butabai deposits.

Note - some of the largest undeveloped gold deposits
in the world, are a few gold projects in
Kazakhstan the new frontier
of gold expl. projects...

www.ivarkreuger.com/gold.htm

Precious Metals Spot Price's

[AJrWennerGren]

The first organization which spoke about a so called
‘gold-cartel’ was the Gold Anti Trust Action Committee
(GATA)which was founded early 1999 by former
future trader Bill Murphy.

Together with Gold analyst and Lawyer Reginald Howe
GATA filed a law-suit against the FED, Bullion Banks
such as
Goldman Sachs, JPMorgan, Deutsche Bank, CITY Bank,
and the Bank for International Settlements
and the US Treasury !

GATA’s claim : "The price of Gold has been suppressed
for many years in order to maintain a strong dollar,
low inflation, low inflation expectations and to protect
the big Bullion Banks with their big short positions in Gold.

This short position is a direct result of the so called
‘gold carry trade’.
Central Banks lease their gold to the Bullion Banks
for a extreme low interest of only 0.5%.
The Bullion Banks sell the Gold and invest the proceeds
into higher yielding bonds.

As long as the price of Gold does not rise, the gold carry
trade is a money machine !
The total amount of gold derivatives on the books of
the Bullion Banks was approx: $63.3 billion of
which JPMorgan owes more than 60%.

Empty Vaults

According to Gold Field Mineral Services Central Banks
leased only approx: 5000 ton of their Gold holdings
but GATA claims that more than 15000 ton has been
leased by the Central Banks.
Although the Central Banks are still the legal owner
of the leased Gold, to get it back is something else.

Bill Murphy showed documents to Insight Magazine
in which the IMF confirmed that leased/swapped Gold
from the vaults may still be accounted for as being a
reserve asset.

Due to the fact that Central Banks have no obligation
to report their total amount of leased/swapped Gold
it is difficult to calculate the exact figure of leased gold.

The problem is Murphy says to Insight Magazine,
that most of the Gold which has been leased cannot
be returned to the vaults of the Banks simply due to
the fact that it is gone !

It’s hanging around the necks of Indian woman.
Also due to the supply/demand deficit it will be impossible
to cover the big short positions in Gold without
an exploding price of Gold.

JPMorgan and other Bullion Banks are a disaster
waiting to happen.

The case filed by GATA was dismissed by end of 2000.

Not because of the claim itself, but more from a technical
point of view.

The judge argued that GATA wasn’t really a direct victim
from the alleged gold-suppression scheme.

But anyhow, the case drew attention and many well
respected people from the Gold industry endorsed
GATA’s claims.
More and more investment decisions
is based on GATA’s findings.

"I bet my money on GATA" and
"so far they’ve been right" .



Derivatives, as Warren Buffett has described them,
are financial weapons of mass destruction capable
of taking down and destroying the global
financial system.

GATA has said the banksters have sold Gold deriv.
futures etc,,, in more > 30 trillions short and
leased out Gold etc,,, they don't own -
all to manipulate the POG markets for
the last 20 years?

If the derivative market implodes as I think it
will eventually, the financial markets will cease
to exist in their present form.

Investors and speculators will be looking for
GOLD & Platinum PGMs stock as a safe haven.

Quarterly Derivatives Fact Sheet

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