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Bre-X Stock Certificate, Largest Mining Hoax In History, Very Rare [145732]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:250.00 USD Estimated At:500.00 - 1,000.00 USD
Bre-X Stock Certificate, Largest Mining Hoax In History, Very Rare  [145732]
SOLD
550.00USDto 8***1+ buyer's premium (121.00)
This item SOLD at 2023 Jun 15 @ 11:53UTC-7 : PDT/MST
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Bre-X Minerals, Ltd. stock certificate issued for one share in 1997 and uncancelled. The company announced in 1995 that they had discovered an enormous gold deposit at Busang, Indonesia of up to 200 million ounces. The Busang discovery made the Bre-X team including Mike de Guzman, the mining geologist a rock star in the mining world. When others tried to confirm the deposit, they found nothing. The company had partnered with Freeport McMoran Copper and Gold Company, which soon discovered that they had been duped. They called de Guzman to return immediately to Indonesia. Within days, Mike de Guzman threw himself out of a helicopter over the jungle. His body wasn't found until four days later after being eaten by wild boars. There is speculation to this day that Mike de Guzman faked his own death as no DNA test was ever done on the remains. How did Bre-X do it? Their crushed core samples were salted with gold to create the most elaborate fraud in the history of mining. Bre-X stock went from a penny stock to a peak of $286.50 per share Canadian and a total value of $6 Billion. The certificate is in VF condition and is uncancelled.

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Country (if not USA): Canada
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