1. Bre-X last week hired Strathcona Mineral Services Ltd., an independent Toronto-based mining consultant, to determine the size of the gold find. 2. But many analysts were suspicious, especially when the company admitted a few days later that it had probably overestimated its Indonesian gold find. 3. On Monday, Bre-X releases the findings of an independent audit by Strathcona Mineral Services Ltd. on its Indonesian gold find. 4. The continuing saga over the title to the Busang gold find in Indonesia hurt shares of Canadian gold producers. 5. Bre-X was a tiny Calgary, Canada-based company that dazzled investors with its spectacular Busang gold find. 6. Bre-X Minerals Ltd. has filed for bankruptcy in Canada after its highly publicized claims of a major gold find on Borneo were revealed to be a hoax. 7. Indonesia said Thursday it will withhold mining rights for a Canadian company whose highly publicized gold find in Borneo may not be as rich as believed earlier. 8. It alleges Bre-X deliberately overstated the size of its Indonesian gold find and repeatedly failed to tell shareholders what was going on. 9. Now a big gold find may boost its economy even further. 10. The area was the site of a major gold find reported by Bre-X Minerals Ltd. |