BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: Doug who wrote (11307)	4/4/1997 12:12:00 AM
From: Richard Nash	of 28369

If you own BreX hold it, if you don't have any BreX don't buy it. I was told Yorkton valued the share price of BreX to be $7.50 if they have all 71 million ounces. Nebitt has valued BreX at $10.00 if they have 71 million ounces. With the stock trading at around $4, there is not a lot of upside. What will happen if they come up short, say only 50 million ounces ? With 5 lawsuits in the US and 1 in Canada, David Walsh will have his hands full fighting unhappy share holders, not developming a world class mine. My exposure to BreX is small so I consider myself lucky. BreX has had an entire week now to come up with some useful information to convince share holders the gold is in Busang. So far nothing has be presented to date, and it looks like Freeport might have all but washed their hands and walked away. Its sand, but I don't believe BreX will ever shine as bright as it once did, regardless of what happens. Why invest in something that is so risky ? There are all kinds of good stocks to invest in !! I think I would rather spend the money on a trip to Los Vagas than pumping it into a lost cause.

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