These stocks are dated June 23 1997 Bre-X was a group of companies in Canada. A major part of Bre-X based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at Busang, Indonesia. It’s market value collapsed, after it was discovered that the Bre-X gold samples were’salted’ and their Indonesian mine contained no gold whatsoever. The Matthew McConaughey 2016 “Gold” Movie is based on the real life story of Bre-X Minerals LTD. The name on the image has been blanked out for privacy purposes. Original document is not censored. From the Bre-X wikipedia page. Bre-X was a group of companies in Canada. A major part of Bre-X based in Calgary, was involved in a major gold mining scandal when it reported it was sitting on an enormous gold deposit at Busang, Indonesia (in Borneo). Bre-X bought the Busang site in March 1993 and in October 1995 announced significant amounts of gold had been discovered, sending its stock price soaring. Bre-X Minerals collapsed in 1997 after the gold samples were found to be a fraud. Busang’s gold resource was estimated by Bre-X’s independent consulting company, Kilborn Engineering (a division of SNC-Lavalin of Montreal), to be approximately 71,000,000 troy ounces (2,400 short tons; 2,200 t). Reports of resource estimates of up to 200,000,000 troy ounces (6,900 short tons; 6,200 t) were never made by Bre-X though the property was described as having this potential by John Felderhof, Bre-X’s Vice-President for Exploration, in an interview with Richard Behar of Fortune Magazine. Bre-X’s gold resource at Busang was a massive fraud. Encouraging gold values were intersected in many drill-holes and the project received a positive technical assessment by Kilborn. This results from selective leaching of silver from the surface of gold particle during river transport, an indication that it was alluvial gold, not consistent with the drill core origin of the samples. The salting of crushed core samples with placer or supergene gold constitutes the most elaborate fraud in the history of mining. In 1997, Bre-X collapsed and its shares became worthless in one of the biggest stock scandals in Canadian history, and the biggest mining scandal of all time. Please note : The Bre-X Minerals LTD. PLEASE DO NOT SEND US A MESSAGE STATING THIS, WE KNOW. All images are for the actual item being auctioned. Get images that make Supersized seem small. Tailor your auctions with Auctiva’s. Track Page Views With. Auctiva’s FREE Counter. The item “Bre-X Minerals LTD Stock Certificate 5000 Shares Valued $1.42 Million Gold Movie” is in sale since Thursday, January 3, 2019. This item is in the category “Coins & Paper Money\Stocks & Bonds, Scripophily\Mining”. The seller is “vancouvercoin” and is located in vancouver. This item can be shipped to Canada, United States, United Kingdom.
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