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

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To: veritas who wrote (547)	8/8/1998 7:17:00 PM
From: G.T.	Read Replies (1) of 1044

Jaba moves forward Dave, Jaba offers a good contrast in this market environment. The company has top notch people that can and are building a company. Currently the company has several good properties they are trying to JV instead of burning valuable capital on exploration drilling that in this market would probably not be rewarded anyway. It's amazing that other companies flush with cash have not been picking up the same properties and bringing them to production. Instead they are stuck in the mentality that they have to find a deposit on their own. Now offers one of the greatest opportunities to acquire proven deposits. Valerie and Peruvian are two good examples of cash rich companies with lots of cash and little will power to do anything except keep their high paying jobs and damm the shareholders. The market realizes this and has built in a 30% discount to cash in both companies for incompetence. Jaba and a host of other companies continue to move forward and shareholders will be greatly rewarded down the road.

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