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Gold/Mining/Energy : JAB International (JABI) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Body who wrote (403)	10/25/1997 3:15:00 PM
From: D.McQ	Read Replies (1) \| Respond to of 4571

No Paul I don't think the current drop in POG will impact BCMD negatively......if BCMD was overpriced yes but it is too undervalued to have any impact. Reason #1 BCMD isn't a start up company that is vulnerable to the current POG.. They have been in business since 1982....They accumulated the many mines they own a long time ago.....They have had time to get established and have already PROVEN they can weather the storms. Reason #2 BCMD's cost of getting this gold out of the ground and to the mill is very low. A JV will be looking at that more than the current POG. Like the stock market the POG goes up and down all the time. It could just as easily be at $400 tomorrow. Also if this gold is as pure as it is rumored....we are into an entirely different market....and we already know they are selling to the jewelers market at a much higher price Reason #3.....BCMD isn't mining only gold.....they are also into Diamonds and from the rumors I've heard they are also exploring other precious metals......like I keep saying this company knows how to be successful in the mining business Reason #4 BCMD is too visable right now....they are in the news big time and from what they are showing us they PLAN to stay in the news........Make no mistake that news release Friday wasn't shot off just for the fun of it They are following a well thought out business plan and that's what it takes to make it today. Everything I keep seeing says this company's management knows exactly what it is doing and it has big plans for the future. Reason #5..BCMD has a history of playing the POG. I recently learned that when the price of gold was down years ago...they concentrated on the easily produced gold and left the more expense to produce gold for a time when gold prices were up.....Now that is a company that knows its stuff! They don't just roll with the ups and downs of the POG they plan for it. !!!!!! Darlene

To: Paul Body who wrote (403)	10/25/1997 7:11:00 PM
From: Jeffery E. Forrest	Respond to of 4571

Of course depressed gold prices will affect BCMD. It will stifle an explosive move into a "merely" spectacular move.<g> Since BCMD didn't have anything much to lose to begin with, it won't be affected nearly as much as a mining concern that is ALREADY producing. You could see the mines that already produce getting hit hard on Fri. because their valuations have already been calculated and now that calculation has to be adlusted for the lower gold prices. BCMD on the other hand is a wild card. We don't know exactly what the hell they DO have. Valuation is what people are willing to pay. Gold prices will affect BCMD much more when they know exactly how much gold they have, how much it will cost to mine, etc. Right now valuation is a gleam in the shareholders eye. Whatever we as shareholders are willing to pay is the "right price".