Losing the Midas touch
THERE are fortunes to be made, and lost, beneath the thick forest canopy which still covers much of the island of Borneo. That lesson has been driven home with a vengeance to investors who have poured their money into a small Canadian company, Bre-X, on the basis of its claim to have discovered at Busang on Borneo one of the largest gold deposits in history.
This article appeared in the Business section of the print edition under the headline “Losing the Midas touch”
From the April 5th 1997 edition
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