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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: R.M.C. who wrote (15387)4/19/1997 10:52:00 PM
From: Bill Jackson   of 28369
 
R.M.C. I would put the salting chance at 10-20% for the whole thing to be a salt. There is a higher chance that there was a program to fill in gaps beytween reserve pods to make a much larger body. So that there may be 5-15M in various areas and it was extended to be condtinous between. to make the 70+s Thi s would need less total salting and the rock types would be known and so the infill is more likely. If the one who did it is dead/hiding then there will never be someone to step forth. I suspect that strong confessional forces may be brought on those of his group that remain in Indo, perhaps that is why they do not remain there(or hide) The problem here is that Caesars wife must be seen to be above suspicion. That myth has been shattered and even if the gold is there, it will only bring values back up very slowly and then not fully until they actually pour gold and start to pay down debts. It will become a long bond, when debt is paid and it pays 8X earnings per year for 20 years the price will equivocate to astock that pays the same .. At a 20 year rate(optimally to70M ounces) with a cost of $150 yielding $200 per ounce x 3.5 Million ounces per year this is $700M per year /240Million shares is 2.50/share and the price will be about 8 tims that or $16 with steady state cash flow. And it will take 2-4 years to get there from here, with a rapid bounce at first when gold proven(IF IF)
This is speculation that there was zero salting.
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