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Gold/Mining/Energy : JAB International (JABI)

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To: Bill Galkowski who wrote (2544)	1/8/1998 3:10:00 PM
From: Bill Galkowski	Read Replies (3) of 4571

HERE IS PAGE ONE OF THE FAX. CAN ANYONE HELP ME WITH THE REMAINDER? REMARKS: As you review this conservative report from E. O. Strandburg P.E. you will note that all inferences are related to depth only. Estimates are based on known ore shoots and does not include the two virgin ore blocks with visible gold that the Company announced December 20, 1997. All properties remain open on strike as well. Three lode properties and four placer properties have potential for resources and have yet to be explored. The total inferred resource value of $304 Million is based on $295 per oz. gold, profit per oz. over $96.00 for lode gold and $90.00 for placer gold. The potential of the diamondiferous properties in La Porte are not included.

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