BRE-X, Indonesia, Ashanti Goldfields, Strong Companies. Message Board

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

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To: Simon Sichewski who wrote (3)	6/16/1996 12:38:00 AM
From: Jason Marcotte	of 28369

BUY BRE-X ON WEAKNESS Simon, I have been following Bre-X since it was $18. Unfortunately, I didn't have the guts to buy in until it hit $100, and I bought Bresea instead of Bre-X (Bresea owns 23% of Bre-X). I believe Bre-X is an excellent buy (barring any unexpected occurences). I don't know why people chase these "pretend" juniors looking for "THE NEXT BRE-X". Let's face it, the odds of finding another deposit of this magnitude are very slim. I think the company with the best chance of a significant deposit is Arequipa Resources, and judging from their first couple of holes I can't see their deposit being more than 10 million ounces. But I digress. During this Junior Gold Meltdown, I think that Bre-X will continue to be quite volatile. Although I believe it will be a $30 share by the end of the year, I think it should be quite easy to pick up Bre-X in the $20-21 range in the next couple of weeks. Once Bre-X announces their Nasdaq listing, and firms up their reserves I think you will be quite happy with your investment. Jason

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