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

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To: J. Bij de-Vaate who wrote (60)	6/1/1997 1:19:00 PM
From: Alex	of 1044

I believe that insiders own 57% of the shares. The latest info I have is that they have just over $1 million in the till. This will cover the immediate drilling plan but I do not know where the money will come from for the drilling planned for the rest of the year, let alone the purchase of these new properties. At this point I am taking a long term view of this company and feel that eventually this world class exploration team will come up with a major find on one of the properties and maybe that elusive JV we have been hearing about for so long. All the best

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