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Gold/Mining/Energy : JAB International (JABI)

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To: Ryan Weisman who wrote (3064)2/21/1998 8:25:00 PM
From: Bill Galkowski  Read Replies (2) of 4571
 
Ryan: In your previous message, #3064, you forwarded a portion of a Yahoo message #2156 by rdww0. Are you the same person as rdww0?

Now, in that message (and in your message) is the statement: "The company claimed to be able to mill 24/hrs a day."

The following is taken from the transcript of the conference call, posted by Networkthy on the Yahoo board:

<<<<<Question about the mill and how many tons a day you are running now? How many tons do you expect to run, do you expect it to bump up in the near future? And lastly, do you expect to run a second mill and about what time frame?>>>>>

<<<<<Answer, Jim Chapin:

As for the tons per day, right now the mill's capable of 30 tons and when I say day right now, I'm talking about one shift. What we need to do first and foremost, is to do some upgrades to the mill to make it a 60 ton per day mill. And we're in discussions with our partner, who because they're providing the money, we obviously have to sit with them and discuss how to spend that money. One of the. I would say the number one priority in my mind other than continuing our mining operation, is to do just what you say and that is to bump up the mill. And there are some things that need to happen to that mill to make it a 60 ton per day mill. And matter of fact, a representative of the partnership is coming in this Sunday and after we finish things, that's priority one, taking him to the mill and say look this is what we need to do. And we intend to do that. That will make it a 60 day per ton mill. For now, a very near term, that will cover what we need. The next step would be to add a little bit more capacity to the mill and run it 3 shifts and make it roughly a hundred tons per day in 3 shifts. And I think that at 100 tons per day that will cover what we need until we get the second source of ore on. And at that point we need to be thinking of something else.>>>>>

Ryan, would you please tell me where you got the company "claimed to be able to mill 24/hrs a day."

Thanks,
Bill
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