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Gold/Mining/Energy : Bema(Bgo) and Arizona Star -- Ignore unavailable to you. Want to Upgrade?

To: Casey who wrote (7938)	10/23/1997 10:14:00 AM
From: Bob Hack	Respond to of 10482

<< Kilborn is a well known engineering firm who did studies on Busang. >> >wrong. Kilborn did not. They only did the resource calculations >based on lab data that was passed to them. Big difference. I took "study" to mean resource calculations. The problem as I see it, is that Kilborn's study did not reveal the limited nature of it's report, and stood quietly by as Bre-X touted it as the ultimate final word. IMO Kilborn knowingly allowed Bre-X to lead investors to the wrong conclusions, but then again, maybe their prime concern was not to offend Bre-X. After all, the company did want a crack at more business down the road. Always remember...... "He who pays the piper - calls the tune" Cheers, Bob