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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Bill Jackson who wrote (14038)4/14/1997 2:11:00 AM
From: mikesloan   of 28369
 
Jeff Smith is quite concerned that the following article from yesterday's Calgary Sun is missing from the Bre-X web site so I'm going to postit here for him. Who do you think the US politican is that Joe is talking about in today's article of the Calgary Sun that wants to buy the Bre-X shares?

> > >
> > > THE CALGARY SUN
> > >
> > > Let's hear from the experts
> > > April 12, 1997
> > >
> > > by JOE WARMINGTON
> > >
> > > I have a couple of questions for all geologists who visited the Busang
> > > site in the days
> > > Bre-X was riding so high.
> > >
> > > If there was no gold, how come none of you noticed?
> > >
> > > If a massive salting operation was under way, then why didn't you sniff
> > > it out? After
> > > all, that's what you were there for.
> > >
> > > As the world waits to learn how much gold really exists in the Borneo
> > > jungle, it
> > > should be noted there are more people in the hotseat than Bre-X boss
> > > David Walsh.
> > >
> > > What about those 25 geologists who went to the site during 1995 and 1996
> > > and gave
> > > investment houses the green light?
> > >
> > > If there is no gold, these people have to take some of the blame because
> > > it was
> > > their firms who sold billions in stock to an uninformed public.
> > >
> > > But that's based on the assumption there is no gold, or as
> > > Freeport-McMoRan
> > > said in its due diligence, "insignificant" amounts.
> > >
> > > What if Strathcona reports that Bre-X was right and all of a sudden
> > > these
> > > geologists did their jobs? Who's going to apologize to them - and to
> > > Walsh?
> > >
> > > What I'm getting at is if Bre-X can be held accountable for this, so
> > > should a
> > > whole host of others who had responsible jobs. Can a scam really be that
> > > big that
> > > former heads of state and the world's top business people would all be
> > > sucked
> > > in? It's pretty scary if that's the way it shakes out.
> > >
> > > I am quite tired of hearing from experts who have never been to
> > > Indonesia who
> > > comment either way on gold levels there. How do they know? Who I want to
> > > hear from is those 25 who were there.
> > >
> > > My e-mail address is at the bottom here. Contact me and let me know what
> > > you
> > > thought at the time you were there - and what you think now.
> > >
> > > I would be interested to get a tally of how many were positive on Busang
> > > then
> > > and how many now.
> > >
> > > Who knows what the results are going to be - and there are solid
> > > arguments
> > > being made on both sides of the spectrum.
> > >
> > > But for me, every story that claims a fraud can be countered with one
> > > that shows
> > > it wasn't. It's a real mindbender, isn't it?
> > >
> > > There are so many questions that haven't been answered and it bothers me
> > > that
> > > no one at Freeport or at Bobby Hasan's companies will answer them.
> > >
> > > Here's an example of what I mean.
> > >
> > > A March 27 Bre-X news release, approved for release by Freeport,
> > > mentions
> > > how the New Orleans company did fire assay tests on "certain core holes
> > > drilled
> > > by Bre-X" and determined "insignificant amounts of gold in those
> > > samples."
> > >
> > > So what is it then? Is there no gold in Bre-X's samples or were they
> > > salted?
> > >
> > > >From this press release, it appears it's neither. It's very simple if you think about
> > > it. If there is little gold it very clearly means the sample couldn't
> > > have possibly
> > > been salted.
> > >
> > > Could it be that Freeport's analysis was incorrect?.And are they
> > > prepared to
> > > apologize for the lost billions if that is in fact the case? The problem
> > > with Freeport
> > > is it has put a gag order on its people so you can't ask for their
> > > comment.
> > >
> > > That's why I'm turning to the geologists to come forward and let us know
> > > who
> > > you are and what you think. If you told your people there was 71 million
> > > ounces
> > > of gold and it turns out right, you will be a hero.
> > >
> > > But be careful. Because if there is no gold, you might end up being
> > > forced to
> > > shoulder some of the blame.
> > >
> > > Joe Warmington can be reached at 250-4323 or e-mail at callet@sunpub.com
>
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