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

To: Roebear who wrote (710)	10/30/1997 5:02:00 AM
From: Ryan Weisman	Read Replies (1) \| Respond to of 4571

Roebear, You did a great job dispelling that fear very quickly. Have to remember the old adage..."The darkest hour is just before the light!" Well, it's not really an old adage but a Crosby, Stills, Nash, and Young lyric, but it works nonetheless. If you or someone could discuss this very intelligent post, it would be a great help... <<<At their current stock value, $0.97, times the approx. 41 million outstanding shares as of Oct. 1st (according to the SC-13D ownership report filed Oct. 14), BCMD is capitalized at $40 million (rounded to the nearest million). Assuming mining goes on 6 days a week, $9,000/day is about $2.8 million per year according to your equation--5% of current stock value. Maybe the stock could go up to 2 with that as a basi However, the company has made lots of promises to keep itself afloat, and still has some outstanding convertible stock according to its form 10KSB of Oct. 14th. The company also has development costs at its other (possibly much less profitable) mines that will soak up $2.8 million like rock sponges (which they sort of are, on a large scale). If anyone can get through the whole 50-page 10KSB, it has everything you'd ever want to know about BCMD except how much gold they'll mine, and where else they'll get financing to keep going>>> ACCUMULATING AND HOLDING, RYAN RYAN

To: Roebear who wrote (710)	10/30/1997 3:16:00 PM
From: Jeffery E. Forrest	Read Replies (1) \| Respond to of 4571

Found this while I was poking around EDGAR ____________________________ DIAMOND EXPLORATION. Diamonds have been reported from gold workings since 1849 in the paleoplacer gold deposits of Butte, Plumas, Sierra, Nevada, El Dorado and Amador counties, California. The principal district of reported diamonds was in the Cherokee District of Butte County due west of Gardners Point. Diamonds have also been recovered from Brush Creek's Gardners Point property. In 1872 a diamond recovered from the Gardners Point property was cut into a one carat stone. Another diamond was also recovered at the time from the Gardners Point Property but was "lost by the foreman, who did not know its value". These two diamonds were recovered from a 109 square foot area of a 30 foot thick section of the paleoplacer gold deposit. A third diamond was recovered from hydraulic tailings in Slate Creek which probably came from the Gardners Point hydraulic workings. During fiscal 1997 the Company tested Gardners Point for diamond indicator minerals. Encouraging results prompted further evaluation upstream toward the Poker Flat area. There the Company located diamond indicator minerals in a hard-rock breccia source. The Company is currently looking for a joint venture partner to take the project forward.