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Gold/Mining/Energy : JABA INC.(c.jba)
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To: Alex who wrote (19)4/10/1997 2:01:00 AM
From: andy   of 1044
 
That is exactly the same information I got a few days ago.

I believe all exploration investors are perplexed about the dominoes BreX was able to send tumbling. It was totally by surprise but is being seized upon by some houses to make it even worse in the near term, at least. What will recover and when will now reflect on the preparedness of the companies. Those with funding will carry on.

As for JBA, it is a rather long wait for talent to shine through, and of course we would prefer success sooner than later. Even on eventually successful targets, the drill can make a few blind runs. I am told that at ASARCO's Silver Bell (the original half) they nearly gave up after 28 failed holes. The 29th one hit! I hope this hearsay is correct. I cannot verify it. What I can say is I am counting on JBA's intelligence, and will only go down if it goes down. But I refuse to measure it by the present market crisis. Actually I'd love to be a net buyer now, but like most others, I have no means left. That's my only regret.

This market will pass fairly soon. Friends say Europe is is no way affected, and hardly aware. So the promise of new finds will attract liquidity back--it always has before, and will do so again especially in this era of potentially large discoveries, BMX excepted.
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