Here's a scenario from a newbie who's read most of everything since 13000 or so. Am long BXMNF, and believe there's some middle ground here that just hasn't been explored.
This conjucture centers on de Guzman. He and he alone could have made this all come to pass, and here's how. Let's consider what we know.
We know de Guzman is/was a talented geologist who was said to have misrepresented findings while at a former employer. We also know there is gold at Busang. We know that the logistics of a massive salting operation while maintaining secrecy are nigh to impossible. We know that Freeport found no/little gold.
We know the almost universal regard for Walsh, and the concensus that he has not misrepresented. And we know of the strong regard for Felderhof.
We know de Guzman, normally punctual, was 1.5 hours or so late for his fateful flight. We know a 10 or so page suicide note was found. We know that de Guzman was aware of Freeport's findings at the time of the flight, and, in fact, was to meet with their geologist's and/or representatives.
We know the difficulty there is in believing the Bre-X assays were inaccurate over so long a period of time. We know the difficulty there is in believing that Freeport found no gold, or would misrepresent same.
Okay. The following scenario, only conjecture, would be consistent with all that's stated above.
1. There was no salting per se. de Guzman, for whatever personal
reasons he might have had, switched cores when sending them for
assay. He knew when he had good core and bad core; when it
was bad and he wanted it to appear good he simply sent some
good core to the labs in place of the bad.
2. This could have been accomplished with no one knowing except
the person(s) preparing the core sample. A bystander watching
the process would have no idea anything untoward was occurring.
3. de Guzman knew the game was up. That suicide note was written
while he was "being late" for the flight. And yes, he did
jump.
4. There is gold, plenty of gold, at Busang. But maybe not in all
the places it's supposed to be. Freeport did it properly.
Walsh, Felderhof, et al have been deceived. All assays done
for all parties are substantially accurate.
What say you?
danyus |
