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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: Ron Pitts who wrote (119)3/30/1997 8:39:00 PM
From: Michael Brody   of 297
 
Ron,
IMHO the big danger in the BXM situation may not be that no
gold will be confirmed but that less gold will be. Why ? Because i
believe that if the Indo. gov't./FCX are so inclined they can take
the discrepancy as a sign of fraud and then use that to strip BXM of
their remaining right to their 45%. Wether the discrepancy is an
accident or mixup of some kind matters little to persons with
motives of that nature. That is my real worry as I think it extremely
unlikely that a fraud of this size with so many participants
would have been possible to maintain. It is remotely possible that
when BXM et.al were tryig to fend off ABX the last sets of data
were doctored out of desperation. It is also possible with the
pressure and all the samples involved that errors caused by
confusion could have occurred. My two cents.
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