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Gold/Mining/Energy : JAB International (JABI)
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To: Jeffery E. Forrest who wrote (436)10/25/1997 9:38:00 PM
From: GOLDIGER   of 4571
 
Hi Jeff,

Canadian mining analysts were surprised by the market's reaction to the Swiss plan which was recommended by a panel of financial experts and still needs government approval.

CIBC Wood Gundy analyst Bill Belovay said it is just a recommendation and still must go through an elaborate approval process.

"This vote only starts in 1999 and they are not going to sell it in one big lump. They are going to be selling it over a period of 10 years," Belovay said on Friday.

"I see it as a temporary spike downward," Belovay said of the drop in gold prices today.

GOLDIGER.
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