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Gold/Mining/Energy : JAB International (JABI)
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To: Paul Body who wrote (403)10/25/1997 7:11:00 PM
From: Jeffery E. Forrest   of 4571
 
Of course depressed gold prices will affect BCMD.
It will stifle an explosive move into a "merely" spectacular move.<g>

Since BCMD didn't have anything much to lose to begin with, it won't be affected nearly as much as a mining concern that is ALREADY producing.

You could see the mines that already produce getting hit hard on Fri. because their valuations have already been calculated and now that calculation has to be adlusted for the lower gold prices.

BCMD on the other hand is a wild card. We don't know exactly what the hell they DO have.
Valuation is what people are willing to pay.

Gold prices will affect BCMD much more when they know exactly how much gold they have, how much it will cost to mine, etc.
Right now valuation is a gleam in the shareholders eye.
Whatever we as shareholders are willing to pay is the "right price".
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