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Gold/Mining/Energy : JAB International (JABI)
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To: Bill Galkowski who wrote (2783)1/29/1998 8:22:00 PM
From: Brian Pastor  Read Replies (1) of 4571
 
As I understand the deal, If Sterling does not exercise its right to buy an additional 19%, then another party can buy the 19%. I have not read the deal doc which is filed with the SEC. I think the news today is huge, and the company is being conservative in what they are saying about the finding of a new chute. Listen, a new chute can be a single or multi year production. It is particularly encouraging that the company is pulling jewelry grade gold off the wall itself and not blasting through immediatly. I cannot wait to hear more releases about the scope of the new find and the ounces per ton that are coming out. I also look forward to hearing more about the milling of Pillar 4 and the other pillars as well.
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