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

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To: Cascade Berry who wrote (19810)4/30/1997 12:17:00 PM
From: Donald Watson, Jr.   of 28369
 
Point taken, I think One note of confusion is I am talking
options in the States, yours are Canadian. My prediction is the stock going to
at least $10.0 per share, thus the May 5 calls are worth $5.50 approx.
In the states the options are at $75.0 pere Contract say x 200 contracts
is cost of $15,000. if the stock goes to $10.0 (Conservative IMHO) you clear
$95,000!!!!! Also We all know Strathcona wont tell us the exact amount
of the value of Busang, but it will get us mighty close, because we can
compare similar holes to that of BREX. If FREEPORTS 6 unconfirmed drill
assays can bring the stock down $12.0, 7 holes under heavy guard analyzed
in three countries can bring us up to all time highs. Also I believe
the was a buyer for several billion dollars if BREX could prove the gold being there,
I think it came to the Tune of about $18.0 a share. That could always
be an option for BREX.

Regards to all. God bless and Good Luck,
Get e'm John,

Don
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