BRE-X MINERALS - 08/22/96 (BXM:CDN$25.00, BXMNF:US$18-3/8)
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Here's a brief update on BRE-X MINERALS. The information was obtained
from the Bre-X info package, newspapers, etc.. Bre-X's Busang gold
deposit is shaping up to be THE LARGEST EVER DISCOVERED. I suggest
you get their info package... it tells the whole story and has lots
of news articles, research reports, etc.. If I've made any errors,
omissions, or, if you've got something to add, please e-mail.
-- Paul Klym (shareholder)
1) ANALYSTS' PROJECTIONS
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FIRM (ANALYST) DATE TARGET ($CDN)
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CIBC Wood Gundy Jul 25th $35.00 (12-month)
(Bruno Kaiser)
Eagle & Partners Jun 20th $30.00 (12-month)
(John Hainey) Jul 22nd "strong buy"
Levesque, Beaubien, Geoffrion May 15th $27.10 (3-month)
(Michael Fowler) $42.00 (4-year)
Jul 22nd $30.00 (???)
Midland Walwyn Jul 22nd $30.00 (12-month)
(Michael Jalonen) $45.00 (3-year)
Nesbitt Burns Jul 23rd $32.00 (12-month)
(Egizio Bianchini) $44.00 (18-month)
Research Capital Corp. Jun 14th $30.00 (12-month)
(Chad Williams)
Yorkton Securities Jul 23rd $31.00 (6-month)
(Jim Taylor)
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2) NASDAQ LISTING
- was listed *this week* (symbol "BXMNF")
3) 6th-GENERATION "CONTRACTS OF WORK" (COWs)
- expected to be signed by late Sept.
4) JOINT VENTURE SENIOR PARTNER (25%)
- announcement expected by Nov.
5) FIRST DEEP-DRILLING RESULTS
- results from 1,000m depths (SE Zone II) expected late Aug.
6) BRO-X SHARES DISTRIBUTION
- in-progress, expected before Nov.
7) INTERNET SITE
- *new* @ spots.ab.ca
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Bre-X Minerals Ltd. @ ph: (403)543-7070, fx: (403)543-7085
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