Post by Jnyandeep B.

On May 4, 1997, a geologist's helicopter went down over the Borneo jungle — and days later, the world's richest gold discovery turned out to be shaved-off jewelry dust, salted into drill samples. Bre-X went from CAD $6 billion to zero in hours. That fraud built the disclosure rules the mining industry runs on today. But the psychology behind it — a story more exciting than the verifiable facts — never went away. It just stopped needing salted core samples. Today it shows up as unverified resource claims, adjusted "EBITDA" for companies with no revenue, and buyout speculation that keeps a stock story alive quarter after quarter. In this issue of Gold Casebook, I trace the line from Busang to the junior mining hype of this gold cycle — and the questions worth asking before a story gets exciting enough to make you skip the verification. 🔗 Read the full issue 👇 #Gold #JuniorMining #BreX #DueDiligence #Commodities #GoldCasebook