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Gold/Mining/Energy : JAB International (JABI)
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To: maaad who wrote (2874)2/5/1998 1:50:00 AM
From: D.McQ  Read Replies (2) of 4571
 
Maad: According to NASDAQ regulations, BCMD would have to trade below $1 for an entire month before they would even get a 90 day notification. A lot of us misunderstood the new NASDAQ regulations and thought they might be delisted to the bulletin board by February 23, 1998. That is not the case at all.

I am not feeling any "desperation" or worry about BCMD being delisted to the Bulletin Board. My opinion, which I based on facts and statements made by experts in the mining industry, is that BCMD has a much better chance of being a marginable stock in the near future than it has of being placed on the bulletin board stock list within the next 109 days. That is why I consider BCMD a "buy" based on the fundamentals.

As a matter of fact the more due diligence I do the more confident I feel that this stock is going to make a lot of people wish they had been buying when they had opportunity we currently have. BCMD continues to find more virgin ore blocks that equate to many profitable dollars. If you multiply the 160,000 oz of gold mentioned in the last press release times $300/oz that comes to $48,000,000.

<VBG> A friend pointed out to me today that the gold from the pillars combined with the Golden Gate Ore shoot comes to approx. 170,000 oz of gold. That sure isn't very far off from being a "ton of gold" that BCMD is currently sitting on.

Darlene
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