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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.

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To: Sal Pugliese who wrote (16047)4/22/1997 8:47:00 PM
From: Peter K.   of 28369
 
TO SAL AND ALL

From what I gather these results released by Bre-X

are new as was stated in the press release.

A press release like this from Bre-X at this point and time,

with a report due out soon from Strathcona, tells me this.

Bre-X is very confident about their results up to date,

in order for them to have released more results.

Also, they could already know what Strathcona has come up with

in their drilling results (positive news but they cannot say anything)

and that is why they released more results.

One thing I noticed though, is that there is no reserve calculation.

In any case the news is positive and this shows that Bre-X completely

stands by their results. I am sure that the market will react to this

news tomorrow.

Peter
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