RE: BRE-EX RevisitedThe Bre-Ex project was in Indonesia. A foriegn land where this type of fraud could be perpetrated. I doubt you see any significant fraud from operators in the US or Canada. However, I think that it is possible that we are seeing problems begin to surface in Mexico with certain junior mining companies deceiving shareholders. Fraud is a hard thing to prove. But, clearly the market has lost its focus on quality and deception is becomming very common, in my opinion.
Let me explain where I think some companies and some analysts MAY BE deceiving shareholders.
Bre-X was a Canadian listed company subject to Canadian rules. The auditor that was sent and fooled by the 'Salted' samples was also Canadian. There is no reason why this fraud could not have be perpetrated in Canada, the US or any other country.