BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: Bill Jackson who wrote (15635)	4/22/1997 7:30:00 PM
From: Louis Wu	of 28369

TO BILL JACKSON, TERRENCE MITCHELL, GRAYSTONE, AND BARRY SMITH There is a GNU thread on this techstock forum somewhere. It is a small thread right now. (300 hits) There are some bright people on it. You should be able to get a feel for the company by going back. Without getting into all the ugly details, Their Ghanain (don't know if that's spelled correctly) propery is VERY interesting. 3 generations of high grade quartz veining in saprolite. So far the strike is defined as being at least 2000 meters long by 300 metres wide, but have not defined the edges. Saprolite carries high grade values as well. Stock will be extremely news rich in next 6 weeks. Results from 27 trenches, each one 3-4 metres deep and 100 metres long (minimum) should fill some of the holes in the geological survey. Drills on the way, building roads as we speak. Drills should turn in May. Addressing Terrence's valid comment about luck. They have had enormous good fortune in finding this property. The good news is that they are very credible technical people. Particularly Dr. Mark Nebel, the Exploration Geologist. Nebel has a very good reputation and gave up a lucrative consulting practice to get hired on by GNU last year. The trenching program is very advanced and the geology seems to be consistent with other very large deposits in the company. You probably have heard that the market is frightened that it is a placer deposit or that you have surface enrichment. My research put those concerns to sleep some time ago. BTW Teck has already been on this property. Here is what the Teck Geologist has to say: "I am 95% confident this is the biggest gold mine in the world." Hey, don't snort at me! I am just repeating what I have been told. P.S. I think I got more responses to my GNU comments on the BXM thread than I did on the GNU thread. Subject 11578 Louis A stalwart GNU Shareholder.

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