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Gold/Mining/Energy : BRE-X, Indonesia, Ashanti Goldfields, Strong Companies.
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To: Eashoa' M'sheekha who wrote (27237)10/7/1997 10:36:00 PM
From: Bill Jackson   of 28369
 
Toroidal one, ain't that a sphincter?
I do not know the history of this bit of land between the two mines, but I must think that it was fought over by each as they would want to have it. If some Mexican interests got it (ministers relative) that when PFGs man about turf was with his prior company he may have heard of it, but was unable to make a deal. After he left and came to PFG he knew the people involved and made a deal that is where we are today. I do not know if this bit of turf has already been looked over and found to be barren or not. The PR to date hints that it was not explored due to intransigence on the part of the Mexicans who saw gold and silver in humungus amounts, thus chilling any deal with high expectations. After the estate passed to the son he brought a more practical view to hand, and so we proceed. If this is the case there could be a mine in this 'tween land.
I am heatened by the low share float of MAD and the 50:50 earned interest when brought to feasability. I think the drill rate is low, which indicates some potential for gain via maneuvers. I note that the price fell after they announced the start of drilling. In this area they should be able to finish 2-3 holes per week and get fast assays and there is no reason for any Barrick delays or hidden data. The only thing I see is the continuing overburden of the BRE-X effect. This will dissi[ate if KRY wins and their stock flys high, and all the greed suppressed since BRE-x floods to the surface.
Bill
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