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

To: Lord Smooth who wrote (677)	10/29/1997 8:53:00 PM
From: Steven August	Respond to of 4571

you guys are are misunderstanding the bid and ask. i'm not saying the bid is a $1.18 and the ask is $3.72. i'm simply giving the bid /ask size as 118 X 372. nuf said.

To: Lord Smooth who wrote (677)	10/29/1997 9:45:00 PM
From: D.McQ	Respond to of 4571

Schopenhauer....1 oz of gold per ton is a very rich deposit....a lot of mining companies mine for amounts less than .05 per ton.. and even .07 oz per ton mine is considered a good mine....thats almost 1/2 the oz per ton that BCMD is already mining.. According to the company there are 9000 tons JUST IN THE PILLARS ALONE. At 1 oz of gold per ton that is 9000 ounces of gold and the current market is around $316. That comes to $2,844,000 just in the pillars alone....if I didn't make a mistake in my math..... According to todays corrected news release the companies long term debt is only $362,000. That leaves $2,482,000 after they pay off all of their long term debts....... Maybe I'm missing something here but I think 1 oz of gold per ton is a pretty big deal... The 500 oz of gold per ton is only in the high grade pockets of gold they are encountering....this is the visible gold they were talking about in the earlier press releases... Now picture this... We are talking about just ONE of the 9 hardrock mines and 1 Placer deposit mines that BCMD owns not just in the good ole USA but in California Gold Rush country.....right where the Motherlode is rumored to be. Throw in a few diamonds and by the way there is an entirely separate JV partner for the diamonds .........and now we are beginning to talk very large sums of money here. Within the next 4-5 years they are projecting a 400-500 ton rate of production and that is if they only get 4-5 of these 10 mines in production and they estimate that they should being able to produce 200,000 oz of gold per year... At todays price of gold being approx. $316 per oz. that comes to $63,200,000 of gold production PER YEAR.....hardly pocket change. If I'm miscalculating here... please by all means point out where I'm wrong....... Darlene

To: Lord Smooth who wrote (677)	10/30/1997 9:17:00 AM
From: Charger	Respond to of 4571

Any mining expert that I have spoken to says that 1 oz per ton is a very good mine. It seems that BCMD has a goodly amount of 1 oz/ton production reserves. They also seem to have many areas that will produce well over that, even above 2oz and some places that will produce 300-600 oz per ton. But that is not an average. One of the top mines in history had a 1 oz/ton production for over 25 years. They kept finding 100,000 oz. here and there forever. This mine is considered to be very like that mine only perhaps with pockets of far greater productability.