SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jason Marcotte who wrote (7639)3/22/1997 9:02:00 PM
From: bigdude   of 28369
 
Jason my son, listen to what I have to say.
Placer and Teck have never been on Busang ever!!!! Barrick only for a short visit, and they liked what they saw on their limited stay. Kilborn did not actively perform due diligence, it was not in their mandate. Yes, if something was out of the ordinary, they would have highlighted it or questioned management. Remember, Kilborne worked for BXM and made a lot of money as a result. Their role was to take information provided by the company to calculate ore reserves, that is all. They did not twin holes.

Thus, the reason the market is so spooked is that this is the first time a senior mining company is actually doing due diligence. Real stuff, like twinning holes and getting them independently assayed. Checking the skeleton core remaining on site. Do you think the market is stupid? Do you think the market would be acting the way it is if Barrick, Teck, Placer and Kilborne did due diligence and things were O.K. Come on dude.

Bigdude
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News