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

To: mike timoranszky who wrote (573)	10/28/1997 4:41:00 PM
From: DDS-OMS	Read Replies (1) \| Respond to of 4571

Mike, Shares outstanding are 42MM with probably 3-4MM more to be added from last private placement. Cash position? I dont think BCMD has any problem meeting payroll as someone recently questioned on the thread. The gold they are recovering should be quickly convertible to cash. The next payment due Royal Bank of Scotland is $112K due in Nov and they have that cash on hand. Dont see any immediate cash flow problem. JV money would allow them to quickly expand production from claims that aren't being worked now for lack of operating capital. The faster they can ramp up production, the more valuable the shares become. Production figures for the last month are hopefully to be available soon--perhaps next week? Production cost per ounce of gold mined is $150. Regardless of stated cost of non-cash expenses like depeciation--which only affect bottom line--the $160 difference between production costs and POG represents money that can be spent, and with large tax loss carryforward, there are no corporate income taxes to be paid for quite a while. Regards, Gary