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 (110)	8/16/1996 8:34:00 PM
From: LaFayette555	of 28369

Alan, just relaying the info in the research report. Report was done by a major Canadian house and states: "...After the title has been secured,we belive BRE-X becomes a potential takeover candidate." These analysts,after many pages of deliberations,value Busang in a wide range of up to $75. per share of BRE-X. depending on various outcomes. They also assume "takeover" does not mean 100% ownership but could be for a % of the co. only.Major producers in need of replendishing their reserves would be the possible buyers,possibly a group of them. My opinion: BRE-X is an exploration outfit,running the largest gold mine on the planet is an other ball game.

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