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Gold/Mining/Energy : JAB International (JABI)
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To: Dr. Bob who wrote (2709)1/24/1998 7:00:00 PM
From: Roebear  Read Replies (1) of 4571
 
Dr Bob,
Excuse me for jumping in the conversation, did you talk to Lionel yourself last week? Lionel said (to me Tuesday) that they have a lot of ore stockpiled to be milled when they get their milling capacity up.
Two things that I know of are holding that up. One they need a new liner for their mill (I believe that is ordered) and (two) it is 15 miles to the mill and I would suspect in the mountains in the winter there are some days when not as many trips can be made. Especially as the first 8 miles are tough.
So the good news is a liner is ordered and also a new truck is ordered. Also as stated before, their 30 ton per day permit is accumulative, and they have enough "credit" to ship 60+ tons a day for months.
The only assay I remember was the one that gave .7 oz per ton from the top of hanging wall (in Dundee's photos). There was a news release on that in November(?) could be found on Yahoo. The assays usually are higher towards the bottom and visible gold (as found in virgin areas now) would be higher than 1 oz per ton, perhaps much higher. ]
It all depends on how much visible gold and good grade ore is found.
For that, you, I and everyone will have to wait for company figures and news.
Good questions, Dr Bob......

Roebear
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