cover of episode The Six Billion Dollar Gold Scam: 3. The battle for Busang

The Six Billion Dollar Gold Scam: 3. The battle for Busang

2025/3/10
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#financial industry scandals#historical political intrigue#power dynamics#ambition and greed#technology#investor perception and behavior#political ascension People
B
Brian Coates
D
Dave Potter
D
David Walsh
J
Jim Bob Moffitt
J
Joe McPherson
Chapters
Dave Potter, a geologist with Freeport, visits the Busang site to evaluate its potential for a deal with Bre-X. Despite initial positive impressions, a lack of core samples raises concerns.
  • Dave Potter was a geologist with Freeport, a U.S. mining company.
  • He visited Busang to assess the site for a potential deal with Bre-X.
  • Potter was impressed by the camp setup but noted a lack of core samples.
  • The limited core samples made Potter feel something was off.
  • Freeport was not the only mining company interested in the Busang discovery.

Shownotes Transcript

As the value of the Indonesian gold discovery skyrockets, it’s not just everyday investors who want in. Powerful players are drawn into the fight for the gold in Busang. But Bre-X, a small company, has only ever traded as a penny stock. Can it stand up to powerful rivals and play in the big leagues?

The Six Billion Dollar Gold Scam was first published in May 2024.