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Gold/Mining/Energy : JAB International (JABI)
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To: Roebear who wrote (2558)1/8/1998 1:21:00 PM
From: DDS-OMS  Read Replies (1) of 4571
 
BCMD just released fax showing inferred reserves of $304MM NET (net of production and capital costs). Works out to $6.75 per share. Dont know how credible this "inferred" method of calculating reserves is--but cant establish reserves in a hard rock mine by drilling. Guess we'll know how credible E.O. Strandburg and inferred reserves are very soon.
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