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Gold/Mining/Energy : JABA INC.(c.jba)

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To: rex who wrote (28)	4/15/1997 4:47:00 PM
From: andy	of 1044

You wrote, "IR tells me that managment is very excited about Yardley right now, yet to me the Cu concentrations found at both sites are similar. At Gap Tank 700ft of core with values to 145ppm Cu are called uneconomic, yet at Yardley 390 feet to 150ppm Cu are extremely encouraging. I don't get it." This is not an inconsistency because BOTH are encouraging but NEITHER is economic. It's all a part of narrowing down the elusive pay lode. Remember ASARCO fared no better at the outset. So JBA will not produce early excitement, but it still has PLENTY for one to be excited about, ESPECIALLY at these prices! To be a net buyer now would fill my fondest dreams because it will likely replentish my depleted bank account. Iam holding; my shares are not part of a distress sale. I am very sorry for those whose shares are lost at this stressful juncture. Finding a pay lode in this part of the world is not a push over as you can now plainly see. But if anyone can do it JBA can. Am I still OPTIMISTIC? I most certainly am, but then I am well known for my patience. It pays.

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