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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: R.M.C. who wrote (19367)4/29/1997 4:21:00 PM
From: julius diamond   of 28369
 
Perhaps Ole49r can comment on this:

Less than 71 million oz. at Busang

I have heard several comments that there is Gold at Busang but less than 70 million oz. I don't understand the comment. Can someone please explain?

If there is Gold at the Busang and Bre-x didn't salt, then the Gold must be in the quantities estimated by Kilborne. Kilborne used the results from the Assay companies to make their projections. Kilborne built a model for projecting the quantities not Bre-x. Therefore the results of the Assays represent an arms length opinion and should not be overstated. Kilborne said they stand by their estimates.

The six holes were not selected randomly and therefore are not representative of the entire 300 holes. Therefore I don't understand the statements that the Gold is there but in smaller quantities.

Comments please.
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