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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: bigdude who wrote (7808)3/24/1997 12:19:00 PM
From: Barry Smith   of 28369
 
Mr. Bigdude,

Since you have so many contacts in Indonesia....Why don't you find out when the COWs will be issued. This will be an awefully big ceremony with press people, caterers and lots of sushi for Billy Bob.
Why don't you find the guy that's delivering the gold plated ceremonial shovel and ask him when it's due for delivery ???

With regard to Freeport Due diligence. I don't expect them to be announcing any favourable results from the assay lab especially if they are looking to take out Bre-X. In fact, they 'll say nothing and let the nay-sayers blast away to keep the stock value down.
If Freeport ends up with better gold grades, mums the word.

For your information, I do have a reliable source on the inside with Barrick a former retired employee. Barrick did an enormous amount of Due Diligence before they made a bid for Bre-X. They were on site while the drills were turning and while Kilbourne did the last resource calculation.
Barrick knows exactly what the Busang holds !!!!!
More gold than you can imagine.

With regard to the statement about the gold being "overestimated".
That comment was taken out of context.
It was made in reference to Federhoff's 200 million ounce estimate.
The nay sayers are saying only 150 million ounces.
That's only twice as much... sorry BiGdude.
I am willing to accept 150 million ounces, are you ???

Enjoy,
Barry
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