OTCPK:PGMFF - Post by User
Comment by
Powerman5000on Apr 08, 2022 9:31pm
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Post# 34589846
RE:RE:COURT ACTION AND EGG ON A LOT OF FACES
RE:RE:COURT ACTION AND EGG ON A LOT OF FACES
Considering that Bre-X was a disaster of considerable magnitude, its failure and the discovery of what was noted to be the most far-reaching fraud ever seen, many were ruined by even being a any proximity to the project.
Peter Munk never really lived down that he even considered Barrick being a partner in the Busang project. Only the NDA saved him, but he imposed the NDA. Because he didn't trust Walsh?
Newmont Mining, selected as the partner, went in with no DD. They were convinced that there was a 50 M + oz gold mine, until the audit confirmed otherwise. All those involved were released from Newmount, either by firings or by forced retirements.
PGM has already drawn Sprott and Anglo in their web. No question there will be massive lawsuits coming from them.
This could be most momumental mining story of this decade.