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Regulai t1_iwgys68 wrote

Reply to comment by -domi- in TIL Of the Bre-X fraud. The Canadian mining company was a penny stock that reportedly found billions of dollars of gold in Indonesia. The stock skyrocketed but collapsed following the suicide of one of the geologists and discovery that the core samples were salted. by jamescookenotthatone

A guy shaved off gold from jewelry (probably his wedding ring) and added the flakes to the sample. A viable Gold mine requires a fairly tiny amount of gold per square foot of earth so even a tiny tiny sprinkling of extra gold will make the sample go from worthless to well "goldmine!".

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