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Gold/Mining/Energy : JAB International (JABI)

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To: D.McQ who wrote (2552)	1/8/1998 5:59:00 AM
From: Oscar	Read Replies (1) of 4571

I too would love to see an update on that Keewatin report, and I would be absolutely thrilled if at this point their proven reserves were anything over 2 million ounces. To be as conservative as the Sreet ought to be, 2 million x $80 (net, after low POG, higher than expected costs, and some overhead costs) = $160 million. Even after inflating the share base for Sterling's ultimate position, that should translate into a price of $2 per share, which I think we could hit quickly on the news. If the news were even better (say 75% higher) the price of course could go higher (say $4). Oscar

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