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

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To: Cheeky Kid who wrote (19983)4/30/1997 3:20:00 PM
From: Jeffry K. Smith   of 28369
 
Cheeky, as Robert Sherkin said:

"This is the most telling piece of information yet....

Scenario...
1. Bre-X reportedly gets the Strathcona report today and it shows gold.
2. Bre-X calls and advises FCX.
3. FCX requests and is granted an extension......

*** IF there was no gold then FCX would not need an extension. *** If THERE IS GOLD I suggest that FCX would not be in a position to proceed with a multi billion dollar project unless it did the work up itself. So they would need the time to replicate the Strathcona/Bre-X results.... I suggest that their board would not allow them to proceed with the project even based on Strathcona's report (independant as it may be they were still hired by Bre-X)....

*** The only conclusion that I can make from this news is that Strathcona has confirmed the gold. (the only thing is how much)..***

If someone can draw a different conclusion to this news please post...

bob"
*******
My emphasis added.

Jeff Smith
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