HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Bre-x..the story..the collapse..the shame... this works..yay!!!

Bre-x..the story..the collapse..the shame... this works..yay!!!

posted on May 03, 2008 05:06AM

http://www.thecanadianencyclopedia.c...

Get yourself a nice coffee, tea, hot toddy and then click on the above link. This is interesting reading for those who don't know what a stock scam looks like. Trust me..in the end..my understanding is the management team (in Canada) didn't know what Guzman (the head geologist) was doing over in Indonesia with the core samples. This was one of the biggest mining fiascos in history. The stock went from .25 to approx 250 almost overnight (about one year period). I remember the story being on the "front page" of newspapers. It was sooooooo...... very unbelievable.....but hey everything came back as being straight up honest. I believe with all of the trust in this team I never felt comfortable with the onslaught of exceptionally exceptional stupendous news releases coming out. Unbelievable is normally that...unbelievable. Greed was the order of day......the people that really got hurt in my mind were the pensioners who dropped a lot of money into it when it was getting too high and held on to the end (longs didn't win with this one folks).

Remember one more.... we are NOT to worry about this with our company. I feel very confident we have a hard working management and field team who are watching for everything being as it should be. I believe we saw the quality control thing a week ago (you know when the price dropped to 3.58 for 10 minutes or less). Remember too that the labs are going to be a stones throw from the field so management can always have assays rechecked for physical manipulation ( I believe Guzman was salting the gold core samples which increased their valuation..).

Ok...my blurb is done... :)

Have a nice weekend and may God bless everyone...especially if your driving on the road in the fog and rain.

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