An open letter to jr. gold investers by Ron Pitts 03/27/97 Message Board

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Gold/Mining/Energy : An open letter to jr. gold investers by Ron Pitts 03/27/97

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To: Andrew G. who wrote (22)	3/28/1997 12:30:00 AM
From: Daytek77	of 297

Andrew I am concluding at least for now that Dr. Deguzman was responsible for the erroneous results from the final drill cores Bre-X presented. Freeports results show no gold while Bre-X's show the highest concentration of gold in the whole deposit. There have been over 300 drill holes and I am sure most are accurate except for the final results. The grade is much higher than tthe avg. grade prior to these results. This has led me to conclude that Dr. Deguzman's suicide was premeditated. The only way to confirm this would be to obtain the trading records and find out how much stock he sold from the beginning of the year til now. When I ask myself why I am surmising that he may have believed that his hepatitis was fatal and thought he could get away with it because Felderhoff and Dr. Kavanugh had already stated publically that Busang was a 100 mil oz deposit. It may be but deeper drilling will confirm this as Felderhoff stated in the teleconference a few months ago. Just my thoughts and speculation. Tony

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