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

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To: veritas who wrote (545)	8/8/1998 2:12:00 PM
From: G.T.	Read Replies (1) of 1044

Jaba steals second ? Dave you are probably right about this stock being a steal at 20 cents. The copper resource has a high grade core of one billion pounds of recoverable copper running 1%. The estimated initial capital cost to use ILS recovery will run 10 to 15 million. In this resource bear market. The market is waiting for the money to arrive before getting excited about the potential returns in the years ahead. For people who can wait more than five minutes, it really looks good to buy and tuck away. Remember when it was all the rage in Japan for housewives to buy and sell stocks at home at the peak of the Japanese market. Well that rage is here. More and more firms are accepting the general public to day trade only. Talk about picking a market top. People keep telling me that two trillion in money market funds will keep the market from falling very far or long. In Japan they have seven trillion in cash and the market continues to struggle down 60% from it's top. So don't be disappointed if the stock remains flat for some time.

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