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: alan holman who wrote (103)	8/12/1996 4:24:00 PM
From: Karl Zetmeir	of 28369

I guess we're all playing a waiting game. Several issues are in the wings: 1.) Nasdaq listing 2.) More assay relults 3.) The Bro-X spin off 4.) The final COW for Busang ... Regarding #4 ... I understand from a fellow investor that BXM will be signing the seventh and final CoW on Busang. That seventh CoW is an irrevocable assignment of the mineral rights to BXM. Obviously ... this adds to BXM's intangible asset base and makes it a more "secure" investment for widows and orphans. I did see a news item this morning issued by the Indonesian Govt. stating they would be signing approx 60 CoW's in the very near future. The news item specifically mentioned BXM as being the pioneer for Indonesia and the primary reason they've been able to attract all the other mining entities. Sounded to me like there was NO PROBLEM in BXM getting the final CoW! Hang in ... BXM is a probable double ... perhaps a triple over the next year ... and possibly much more!

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