RE: RE: Facts & Opinion I was watching a show the other night on the Bre-X scandal and how the whole scam was put together and fooled major players like Barrick , Placer Dome, and of course Freeport Mac who ended up with a huge position in the project after the Indonesion Gov't took over the property. Everyone was fooled for a very long time. Erratic and inconsistent results were explained by the "nugget effect"!
This is why OX has to be beyond any doubt as far as the nugget effect goes and why everything has to be proven beyond a doubt. I can see that OSK want to be able to confirm and verify every drill assay,Metallic screening,etc before doing any formal announcement.I believe that OSK have enough now to know that Goldboro IS THE REAL THING and is the potential of being a monster deposit running for several miles beyond the present 2.5 km strike.To be honest OX would be much better off with 40% of a multi million ounce deposit than a buyout and in the long term ....another 3-5 yrs would have a much larger return. The problem here is shareholder fatigue...and if OSK offer something reasonable,the majority of shreholders will take it.
Has anyone ever thought about the fact that OSK might want this off the radar due to wanting it for themselves after their existing projects are sold off? What could they do with all of that money and 30 kms of continuous parrallel veins. Pie in the sky maybe but all possible.Millions of ounces all possible. A real Bre-x without the scam attached...maybe :)
Specky