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: Rick McDougall who wrote (3692)	1/15/1997 9:17:00 PM
From: Turk	of 28369

Key Canadian case is Lac vs. Corona. Corona had the property in hand and lost it to Lac over three court decision. Took several years to play out legally. Basis for the argument was CONTIGUOUS DEPOSIT. That Corona knew of the gold in one region and had the legal right to protect its partner. Lac claimed Corona people did not inform its Lac people of their intent to pursue land claims in adjacent regions where bulk of Hemlo discovery eventually was found. This is, I believe, the crux of the matter. Follow the money is the key rule of detective work. Who bought out Lac and gave this advice to monkey man Merukh? Three guesses and the first two don't count. Apologize in advance for the simplification of a rather complex mining legal battle, but that is my memory of it. Right to the end, many people thought that the decision removing the mine from Corona would be reversed. It was not. Lac emerged victorious. Luckily Merukh is not claiming all, just 40% but don't be surprised if he doesn't wind up with an additional 10% (in an out-of-court settlement). That is what PDG hints at when they speak of INDONESIAN INTERESTS OF UP TO 40%.

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