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Gold/Mining/Energy : JABA INC.(c.jba)

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To: Chuca Marsh who wrote (544)8/8/1998 12:37:00 PM
From: veritas  Read Replies (1) of 1044
 
Spoke with Jim Briscoe on Thursday and he says: the project is economic at current copper prices; that the core material is about 1 percent which I understand is quite high; there are also some other higher grade values; represents about 4 billion lbs. of copper; in 5 years the project could be throwing off 18 to 30 million $$ per year. He feels they could be in production and producing income in 2 years or less. JABA doesn't have a lot of money in the bank, will have to raise some cash; Good bit of interest from other companies re: joint venture. My hunch is the stock's probably a steal at these levels.
Regards, Dave C.
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