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

To: Jeffery E. Forrest who wrote (436)	10/25/1997 9:05:00 PM
From: lizard lick	Respond to of 4571

It seems to me the biggest concern we as shareholders should have with POG is its effect on potential JV partners. Unless a deal's already been cut, who wants to buy in to such a shaky situation? Like has been stated before, the current price of BCMD should not be overly affected by POG if/when further news of significant findings is released. It is bound to go up as down is almost a non-option. However, without a JV deal POG will eventually come into play much sooner. New strike news coupled with a JV deal would probably delay the effect of POG until some serious profits can be had. At this point everything still boils down to perception and/or speculation. Does this rationale make any sense insofar as determining an exit price for short-term holdings?

To: Jeffery E. Forrest who wrote (436)	10/25/1997 9:37:00 PM
From: Roebear	Respond to of 4571

Jeffrey, Thanks, I have also been looking and indeed it is the same old stuff that started out as a 400 ton proposed sale last year. All the other reports I have heard (mostly second hand) stated 1999 as the referendum date and 2000 as the first sale date. The sale would be over ten years though. I have only had the chance to talk to one Swiss citizen and he was of the opinion that the EU was picking on the Swiss since they are not participating in the EU(?) or the EMU. I do not know if it is a guaranteed thing that the Swiss will pass the referendum either. 140 tonnes a year does not mean much to a gold usage of 2300 tonnes a year currently and growing. Also, as I either stated here or elsewhere (too much posting)<grin> the timing of this announcement is suspicious serendipity too me as far as the stock markets are concerned. As to the discussion going on here as to the effect of POG on BCMD, I agree that as most investors are awaiting news of how much gold there is rather than valuing what is known as at major mining companies like PDG, the POG effect will be blunted. As long as gold holds $300 I do not believe there will much more than creation of a buying opportunity. Support is strong at 7/8 and $1 may not even be touched though I would not want to guarantee it. On the other hand news of more CB sales could drive gold down to long term support at $280. To me though this would suggest desperation on the part of government attempting to salvage the stock market and I think they would be creating a spring for gold. I am not certain of what happens at $280 or below, I doubt it will happen, but I suppose I will have to do some thinking about it, but I would feel safer in BCMD than a major at $280 POG I think. Your thoughts are appreciated and this is all IMHO. Roebear

To: Jeffery E. Forrest who wrote (436)	10/25/1997 9:38:00 PM
From: GOLDIGER	Respond to of 4571

Hi Jeff, Canadian mining analysts were surprised by the market's reaction to the Swiss plan which was recommended by a panel of financial experts and still needs government approval. CIBC Wood Gundy analyst Bill Belovay said it is just a recommendation and still must go through an elaborate approval process. "This vote only starts in 1999 and they are not going to sell it in one big lump. They are going to be selling it over a period of 10 years," Belovay said on Friday. "I see it as a temporary spike downward," Belovay said of the drop in gold prices today. GOLDIGER.