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Gold/Mining/Energy : JABA INC.(c.jba) -- Ignore unavailable to you. Want to Upgrade?

To: Chuca Marsh who wrote (780)	8/7/1999 9:46:00 PM
From: Dave Wahl	Read Replies (1) \| Respond to of 1044

Chucka; The 1998 ASARCO annual report lists 169.9 millions tons at 0.38% Cu as reserves at Silver Bell. So, one could envision that similar grade material in the area could possibly be economic --- if stripping ratios, leach recovery, etc. were favorable. The current low copper price may not support capital costs of a new mine, but a large tonnage of near-surface leach material grading >0.30% Cu would be normally be of interest to major mining companies --- unless it were in an area of high environmental or political concern. Dave Wahl