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

To: Jeffery E. Forrest who wrote (428)	10/25/1997 9:17:00 PM
From: Martin Wormser	Read Replies (1) \| Respond to of 4571

Jeff, <<<<<I can't remember who asked the question about why BCMD went back to the placer mining area first instead of the pillars, but wouldn't it make sense that they could easily raise a little working capital in the placer before they went after the pillars?>>>>>>>>>> You're right and that was me. A couple of years ago BCMD attempted to mine the Ruby for the jewelry grade nuggets. They said that it was to raise money to start lode mining. Obviously it is easier to mine the placer gravels than to mine the lode. But they failed at placer mining! My question was that if they really knew about the 250-500 oz\ton pillars why didn't they go straight there. The pillars were written about in the Keewatin Engineering Report of May 15, 1991. One would think that an area of 250-500 oz\ton of gold would be top priority and you didn't need major equipment and money because it is so rich. Hell, Last week they were taking it out in buckets. Doesn't sound like major equipment to me. I just remembered now someone from BCMD a couple of years ago saying there was a "wall of gold". I wonder if this is what they were talking about. Whether they mined the wall of gold 3 years ago or or 2 years it's all water under the bridge now cauze they are mining it now! martin

To: Jeffery E. Forrest who wrote (428)	10/27/1997 3:17:00 AM
From: Charger	Read Replies (1) \| Respond to of 4571

Jeffrey, I believe the hardrock is so very rich and yields so much more, talking about ounces per ton, that it is worth it to do the hardrock milling. Brush Creek seems to have their milling costs down to $150/ton which is comparatively low, as I understand it. My understanding is that they are working on the Cassidy level where the 4 Pillars are. But if you want to know for sure, call the company. The are very good at giving you any information you need. A DTO member just toured the mine Saturday - this is the second DTO member visit, not the one that has been posted already. He said that all the ravings that we have been reading about in the postings really are true. He and a geologist went. If you are a DTO member you can read his remarks late Sunday eve.