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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Turk who wrote (15207)4/19/1997 12:29:00 AM
From: Furry Otter   of 28369
 
I tend to agree that FCX sorta accidentally "screwed up" its analysis and leaked the info early, and then jumped into the fray and bought shares with everybody else when Bre-X crashed. But I disagree with the notion that this means Bre-X's prior statements about reserves were not correct...Given the inexactitude we are dealing with here, I think it is just as likely that Bre-X UNDERSTATED the reserves at 71 mm ounces as OVERSTATED the reserves
...everybody close your eyes and imagine for a moment what will happen to this stock if Strathcona's audit leads to a 100+mm estimate--I AM NOT SAYING THIS WILL HAPPEN but it could..sure would be fun to watch
having happy dreams tonite
Otter
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