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: NoMoney who wrote (27546)	11/16/1997 6:06:00 PM
From: Bill Jackson	Read Replies (1) of 28369

NoMoney; There is a 1M ouncer and maybe a bit more in the original drillings, not enough for a mine. However if they make a mine a few miles away it may be worth draggin it there by boat/road for refining, as they would only need a hole, and not a complete mine. Changes the economics, but not much as far as BREX is concerned. Take a million ounces, and mine it for $150/OZ = $150 for shareholders is about 60 cents per share spread over 4-8 years(ie 7-15 cents per year). Makes the shares worth 30-60 cents when running. Bill

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