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Gold/Mining/Energy : Bre-X - Is it a good buy at these levels ?

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To: Tahir Bashir (Toronto) who wrote (13)4/4/1997 3:35:00 PM
From: vinod Khurana   of 75
 
Busang has gold: report

Kilborn confirms earlier Bre-X assays, but carefully avoids estimates of discovery's size. Report suggests ore samples not tampered with

By PAUL BAGNELL and BARBARA SHECTER -- The Financial Post

Bre-X Minerals Ltd. went too far too fast in publicizing estimates
of the size of its Busang gold find in Indonesia, critics said
yesterday after the release of a much-awaited report on gold
assays at the site.
The report, by Kilborn SNC Lavalin, confirms the gold content
assigned to ore from Busang in an assay performed for Bre-X by
an Indonesian laboratory. But it makes no estimate of the overall
size of the discovery.
One thing the Kilborn report does do, however, is deal a serious
blow to the theory that Busang ore samples may have been tampered with, the experts said. "It tends to suggest that there wasn't any [tampering]," said a retired mining executive.


Canadian investors sue Bre-X, SNC-Lavalin for $3.1B
TSE beats retreat again
OSC releases trading histories of Bre-X senior executives

V.K
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