Bre-X Minerals LTD Stock Certificate 100 Shares

Bre-X Minerals LTD Stock Certificate 100 Shares

Bre-X Minerals LTD Stock Certificate 100 Shares
Bre-X Minerals LTD Stock Certificate 100 Shares. 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. From the Bre-X wikipedia page. 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. Pictures are of the actual item you will receive. Please review the pictures closely and contact me with any questions. Ships to Canada and USA only. The item “Bre-X Minerals LTD Stock Certificate 100 Shares” is in sale since Wednesday, January 1, 2020. This item is in the category “Coins & Paper Money\Stocks & Bonds, Scripophily\Mining”. The seller is “ditsame” and is located in Sweet Grass, Montana. This item can be shipped to United States, Canada.
Bre-X Minerals LTD Stock Certificate 100 Shares