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Gold/Mining/Energy : Brex Exploration Inc. (M.BX)
BX 129.69+2.3%Feb 6 9:30 AM EST

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To: cheevers who wrote (23)5/20/1997 5:50:00 PM
From: Bill Jackson   of 134
 
Mac; Looked it up. Looks like a promotional stock. They have some diamonds properties,, deep potential, but very promotional and the hard rock part under an alluvial gold deposit that may/may not have gold. It also has a 2% NSR, high if it is not capped. Look at the pattern over the last 2 years. They may run it up this summer after BRE-X subsides. Then again it may be absolutely dead as the name BREX is so like BRE-X. They should can the name, staying with BREX is like saying 'come here so we can skin you'. Not that they do, but the aura about BRE-X is deadly.
Risky play, there are others better. Sell it and buy PNB Penn gold, they have a large manganese property near the Argentine/Chile border that will all go to Japan. Could make $8-$10 in a year or two. Now at 70 cents. MGR is also good, near production in Mongolia. PFG good as well, around $4 could make $30 be September/October
Bill
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