1. An unexplained fire which started at the Busang site remained a mystery. 2. Many of Bre-X’s top management executed large volumes of insider stock transactions. 3. After questioning the validity of some of the information provided by Bre-X, Indonesia withdrew critical permits for the mine. 4. There had not been an updated investor prospectus by Bre-X since 1989. 5. Bre-X wanted complete control of all information pertaining to the mine and refused to discuss its operations with any external financial analysts. 6. Bre-X was never able to find a mining partner to merge with despite the glowing reports of the massive gold discovery. 7. Despite the claims of a massive deposit, there were no surface signs of a major deposit. 8. Employees of Bre-X would drill one hole after another and not wait for the results to be analyzed, which is not common practice in the mining industry. 9. Although claiming to have detailed knowledge of the mine operations, the Bre-X geologists appeared to have never observed the actual drilling taking place at the drilling sites. 10. In direct contradiction of industry standards, Bre-X opened sealed core samples to check for any breakage in the bags. Breaking the seal of the core sample violates the integrity of the sample. 11. Could one deposit yield the equivalent of 8 percent of the total world’s gold reserves?