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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Richnorth who wrote (8467)3/27/1997 10:26:00 AM
From: Walter   of 28369
 
IMO, I don't (YET)think David Walsh or John Felderhof are con artists. Too much evidence pointing against that.

i.e. 1) They still hold a lot of stock 2) A guilty Felderhof would not be in Indonesia to face the music 3) They did a lot of work to try to get the COW issued and keep as much of Busang as possible. 4) I don't think they are that stupid to think that they can get away with it for forever. Possible lawsuits and jail time. 5) Too much work and money have been spent on Busang 6) Their latest statements: Felderhof is 110% sure the gold is there and Walsh and the board of directors stand behind the deposit.

If the above is to be accepted, the three other possible options are 1) Somebody was salting the drill cores (since the Indo assay labs are supposedly reliable) before sending it to the lab. 2) Resource calculation may indeed be exaggerated. BUT by a small percentage and not by 90-100% 3) We have some greedy bastards out there who want Busang real bad and are willing to do anything for it.

The above is just some rambling thoughts to myself. Like the others I am quite shell shocked so the above may still be biased. FWIW I think 1) the probability of Walsh and Felderhof are outright liars is 10% 2) somebody salting the drill cores is 25% 3) A smaller confirmed deposit is 55% and 4) Some sick greedy bastards out there is the rest- 10%
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