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: Karl Zetmeir who wrote (5775)	2/19/1997 9:08:00 AM
From: Joe Hartenbower	of 28369

BXM owns 45% of the largest gold mine (JV) in the world!!! I think you are one of the few that does "get it". I read an evaluation of the stock based on BXM's participation in the JV. The author used the formula for pricing a senior....C$30!! PLUS.... 1. We have not yet heard all the details. 2. Nesbit recently estimated 93M ounces, not 70. 3. What's in those unanounced deep drill holes? 4. What else is out there? IMHO, I think the day traders are setting the price and the investors are quietly sitting back holding and accumulating (or panicking). Oh yes, I can't visulaize the top BXM guys walking on Barrick in order to get a worse deal. Thanks Karl for bringing some common sense to this typical junior gold stock situation - rise on anticipation, sell on news, back up on anticpation. <VBG> Joe

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