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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Karl Zetmeir who wrote (66)7/25/1996 5:26:00 AM
From: Britt David Jackson   of 28369
 
The Financial Post reports in its Tuesday edition that Bre-X Minerals'
Busang deposit could easily contain 150 million ounces of gold, according
to a US mining analyst who has just returned from the property. Reporter
Peter Kennedy says the estimate comes from David Neuhaus of J.P. Morgan,
one of nine US and Canadian analysts who took a helicopter tour of the
property. Mr Kennedy makes little mention of what the other eight analysts
have to say. The only other analyst mentioned, a Canadian, says he is
impressed with a batch of nine new holes that has enabled the company to
raise its resource estimates. One of two holes drilled in section 69
contained a 347-metre section grading 3.54 grams of gold per tonne. Eagle &
Partners analyst John Hainey says that these are tremendous intersections.
While Bre-X raised its resource estimate for Monday from 39 to 47 million
ounces, Mr Neuhaus believes the property could contain two or three times
that amount. He says 150 million ounces is conservative.

Karl; I hope you can read this okay, it's my first ever attempt at
copying and pasting. I get these articles e-mailed to me for $.40
from stockwatch and they come as soon as they are released to the
press. As for 150 million ounces I'm starting to believe that is indeed
conservative. Still loading up on Sept. and Dec. call options.
Best regards, Britt Jackson
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