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Gold/Mining/Energy : JAB International (JABI)

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To: virginijus poshkus who wrote (1632)	11/26/1997 8:50:00 PM
From: dental-eye	Read Replies (1) of 4571

so far the facts are these, a company buys 50% of bcmd at 16mm+, or they are going to buy 50%. multiply by 2 and low and behold, we have 32mm for the whole company, exclusive of the ice play. that works out to 70cents a share. remember, cost does not indicate value but only hopes to support it. This is misleading. We know that the JV deal only covers the "gold mining properties" of BCMD. And the co. is working on another JV deal for its diamond exploring business. How much should it be worth? Let's say BCMD gets another $10-15 MM for selling about 50% of its "diamond properties". Then it's $52-62 MM for the WHOLE company, or 1.2-1.4 per share, according to your theory. Of course, the stock can be traded much higher for the great potentials BCMD has. Does anyone have more thoughts on this? D.

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