Penny Stocks You Should Buy : The Ultimate Penny Stocks Fraud Bre-x - The Ultimate Penny Stocks Fraud bre-x
Bre-X turned from being a penny stocks organization to a billion dollar corporation in just four years, thanks to a hot tip that spread like wildfire among thousands of Canadian investors.
Fool's gold
Bre-X Minerals Ltd., a member of the Bre-X group of companies, was a mining company based in Calgary. It did not make significant profit until 1993, when geologists John Felderhof and Michael de Guzman reported that a gold deposit with approximately 2 million ounces in resources was found in Busang, Indonesia.
To boost its credibility, Bre-X hired an independent consulting enterprise, Kilborn Engineering. Kilborn estimated the Busang site to have gold resources of approximately 70 million ounces with potential of as much as 200 million ounces, the largest ... [Read More - Penny Stocks You Should Buy]
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