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Gold/Mining/Energy : JAB International (JABI)

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To: Mr. Miller who wrote (721)	10/30/1997 1:59:00 PM
From: tech	Read Replies (4) of 4571

Mr. Miller, you did not understand what I was saying. A JV is a good thing, but it doesn't prove squat. That is why I used the Bre-X example. Their $400 million JV helped the stock, but there wasn't gold. Now do you see my point? Here's what I wrote before... "Getting a joint venture does not prove anything. Since you're new to the mining area, you may not have known that a company put up $400 million to JV with Bre-X when they had first obtained positive samples. I don't think a JV will convince the public, only a quarterly or production numbers can." 1. A joint venture does not prove there is gold. 2. Bre-X had a joint venture, but there was no gold. 3. Because of Bre-X, the public takes JV's less serious. Got it? Tech

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