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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Sans Souci who wrote (15066)4/18/1997 4:50:00 PM
From: Method   of 28369
 
You make some good points Paul. I personally think that options are the way to go on Busang. Since we all agree that Bre-X/Bresea is an all or nothing play, options offer more leverage at the same risk. By buying the options you can put in less capital and save yourself some heartache. I understand Minorca is sitting on cash but it will trade at a discount to that cash if Busang is a bust. In addition, lawsuits may arise against MAR because it did not do its due dilly before its most recent financing. Let's face it Busang is risky any way you look at it. I prefer to put less money in and hope to pull away with a bit more. I've already lost my shirt on this one so what's another couple of bucks!
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