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Gold/Mining/Energy : JAB International (JABI)

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To: Larry Macklin who wrote (3403)	4/9/1998 2:51:00 PM
From: B.D.Bauden	Read Replies (1) of 4571

There is another gold mining stock I watch (but don't own) called IPMCF. They have been going around for years saying that they can extract micro-fine gold from desert sand in a place called Black Rock. They recently got assays back showing 0.002 oz/ton. There is no way known to man to economically recover ore with that low a yield. The stock price went straight into the toilet. They are facing delisting. The president of the company has resigned in disgrace. Yet after all that, the price of IPMCF is higher than BCMD! Just wanted to get that off my chest. I've been holding BCMD for six months now and it is really beginning to annoy me. Bruce

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