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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: julius diamond who wrote (20111)4/30/1997 7:06:00 PM
From: Bill Jackson   of 28369
 
Julius; If they were sure there was no gold, they would let it lapse. However there is no way to be sure, as there is the BRE-X data and a large element of doubt. The cost of extending their option is zero, a request, the cost of letting it lapse and then being wrong is huge. Thus they must get the extension. Since they must get it you cannot read the fact that they got it as plus or minus, they had no choice. In addition if they faked/are mistaken their low assays and they know there is gold then they also must get it. Sort of a low cost insurance against errors or staying in the game when they know they must as the gold is present.
Bill
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