via CEO.ca - Bre-X Infamy/Nexgen

Good article on Bre-X investing at the time of the collapse.

Confidence is still in crisis in the gold mining sector almost 20 years later. GBN.V could single-handedly demolish the paradigm that gold miners can't pay their cost of capital. Their natural buyer would be a bigger player in Canada sitting on a lot of cash looking for acquisitions.

How the company will transition from a Dickensian scorched earth policy to a competitor in the gold space remains to be seen, or whether they will choose continual failure as their modus operandi remains to be seen. Are they counterparty to the Mint? That's less preposterous than their absurd balance sheet.

Another point to the article is that Cameco will have their hands full with uranium discoveries in their back yard, though they are set to benefit from transmission line upgrades.

http://ceo.ca/2015/10/28/rosseaus-warren-irwin-shorted-bre-x-now-he-s-going-long-nexgen/

-F6