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

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To: vinod Khurana who wrote (14)4/4/1997 5:56:00 PM
From: Gul   of 75
 
Khurana

In reading the financial post this morning, your information was covered. Interesting enough, over the past days, the newpapers referred many times, quoted by individuals, that the Busang discovery was a very complex ore body. Based on what was reported, the insignificant deposit of gold seems to follow the theory that the amount overstated was spread over a much larger area of the Busang.

It was stated that BRE-X should have undertaken a bulk sampling program to get a better handle on ore grades.

As predicted last evening, BRE-X/BSR may close down on Friday. Monday is another day. Extreme caution for the inexperience investor. With facts surfacing daily, I feel that many investor could start to formula their own conclusion. It has happen and we look ahead to the future.

Gul
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