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Gold/Mining/Energy : JAB International (JABI)

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To: Tony Peng who wrote (380)	10/25/1997 8:32:00 AM
From: D.McQ	Read Replies (3) of 4571

icarus...there are three books that have been written about Bre-x, and these go into great detail about the BRE-X hoax. This research is very valuable for anyone investing in Gold Mining Companies...The reason I didn't fall for the Bre-x story was because I did my homework...Bre-x didn't even get through my preliminary checking and I never bought a share. All they recorded as having was "gold prospects", As investors found out "gold prospects" don't pay the bills. From what I've been able to learn after the fact is that Brex fed the hoax by tampering with assay reports. They were never an actual mining company. Unlike Brush Creek they didn't own already producing mines. They certainly weren't in a position to hit an actual vein of gold. Brex didn't have the mill equipment etc to process it if they had found gold. They had nothing solid to take to a joint verture partner. In fact they had nothing. There wasn't enough hard evidence to back the hype. Just assay reports about what might be....and lots of wishful dreaming. One of the first things I noticed about Brush Creek is that its assay reports datied back to 1991. Like I have said before, BCMD is working from a very well thought out business plan for the future. Management isn't in this for a few flashy headlines. Look at their investors package...even it is.entirely in keeping with everything that I have discovered about this company. It's not flashy hype. Even BCMD's investment package is simple honest and straightforward. It lets the investor make up their own mind based on solid provable information not glitter. Lets face it the prettier the package is, the less time you will spend actually reading what is written. You end up simply looking at the pictures and assuming...... That is why Brex is so different from BCMD. There isn't ANY hype here. There are actual verifiable facts. There is a producing mine that is hauling gold up out of the ground. There is a mill up and running that is processing the gold. The only problems BCMD has is cash flow. That kind of problem a major gold strike would cure instaneously. Well guess what....they even did that too.....Like I keep saying the management of this company has its act together. With good management, high quality skillled professionals staffing, state of the art equipment and a product that doesn't require marketing.....all they need now is a Joint Venture partner and this instantly becomes a company that is worth an even larger sum of money than it is right now. That means we as investors own shares that certainly aren't worth pennies any more. Like I keep saying $10 is a safe bet... ......Martin's call of $34 per share is much more realistic .....although Microsoft closed today at $135.38 per share. A few years ago who would have ever thought THAT was possible. Darlene

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