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: bob bundy who wrote (7113)	3/13/1997 12:07:00 AM
From: Lalit Jain	of 28369

Hi bob bundy, I really have to wonder if you have the analytical abilities to invest in the stock market. Some of the companies that you have been promoting are truely fly by night operations because a few surface samples does not make a mine. A GOLD FIND LIKE BUSANG COMES ONLY ONCE IN A CENTURY, POSSIBLE NEVER AGAIN. Your comment: >> those here in town who used to work with Walsh seem to agree with many things that the media is saying about him << I can bet the people that you are talking about are sour grapes. Every one know that the munkey is more corrupt than the Indos. It is because of this unethical person that the Bre-X shareholders have had to suffer this agonizing period of time, and have been left poorer. Get this into you thick skull. Bre-X management dealt with the situation better than any other that I know of, and even better than the stupid munkey. Bre-X got 45% of what is going to be the worlds biggest mine. Barrick got nothing! Nada! If you do a present value of the a 5 year future earnings stream of $2.50US/Sh, and apply a cash flow multiple of 30, then currently Bre-X should be trading at $78/sh cdn. Once the COWs are signed, the gap should start to close. Ofcourse, you may want to invest in some of your fly by night operations, and lose all your money. Take your pick - "lose all your money with a fly by night" OR pick Bre-X and see your investment steadily grow. Warren Buffet did not get rich by investing in fly by nights. You know why rich get richer? If you do not, then go to school and take Investing 101. Regards, Lalit Jain

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