Brex Exploration Inc. (M.BX) Message Board

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Gold/Mining/Energy : Brex Exploration Inc. (M.BX)

BX 158.72

+2.3%

Jan 14 3:59 PM EST

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To: NAUGHTY NOTES who wrote (57)	3/2/1998 3:09:00 PM
From: joe minten	Read Replies (2) of 134

It would appear that I need to learn to read :-) . Thanks for the correction. I just spoke with Marla Gale from the IR offices of BX. She says that the involvement in POD with respect to Kinross is not finalized. MIQ & Kinross are still working out the details. Bx is under obligation currently to spend $0.5MM within 2 years. They have spent about $100,000 so far on three holes. Kinross is keen to get rolling. They plan to spend $2-3MM on Railroad this year, with some of that money going to POD. BX currently has no money. They therefore cannot provide any help towards exploration of POD right now. It is theoretically possible that BX could lose POD entirely, but this is very unlikely. The reason: there are too many common people between BX & MIQ. BX expects that they will end up with 25-50% of POD. I could live with 25%, if they can get some promotion from it. Marla said that BX expects to have the details and have a press release in 2-3 weeks. and we wait...(sorry Brandon) joe

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