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

To: Mr. Miller who wrote (824)	11/3/1997 1:15:00 PM
From: Roebear	Read Replies (1) \| Respond to of 4571

Mr. Miller, Please keep posting, I enjoy your cautious posts and the information they contain. I would like to address some points from your last one. First off, in this quote, did you mean to say Bre-x instead of BCMD, as Bre-x never had any production but a salting core assembly line <g> "We are in significant production and that is something that BCMD has never been able to say. To the naysayers, you have to admit to this. It is a much better situation than investing in a company that only says it has land to mine." Secondly, as far as any salting five gallon buckets of nuggets, that could get quite expensive even at these gold prices! Can one buy five gallon buckets of jewelry nuggets anywhere? From other posts and what I have been able to find out about the area, gold tends to be found in visible form here, some of which is nuggets with characteristic formations, such as what someone was saying about use in Bolo ties(??). The nuggets found in area mines are even displayed in museums, wouldn't there be a difference between nuggets from other areas. I suppose it is time to check out their assayer. Roebear

To: Mr. Miller who wrote (824)	11/3/1997 1:31:00 PM
From: Jeffery E. Forrest	Respond to of 4571

Cost of $150 per ton is EXTREMELY impressive by industry standards. I do know that there is plenty of Gold in Australia, but technology had been lagging to bring it out of the ground for a real profit. Usually 275-325 was real good for cost per ton to get at the gold. As the price of Gold has come down so much over the years, it was not profitable to go after the gold in Australia. I am sure the Australian corps. would love to know BCMD's technique. BCMD is a vein-type situation typical of California hard-rock mining. It's is my understanding that Aussie mines are a much different animal requiring the movement of much greater tonnages to retrieve a corresponding amount of gold.

To: Mr. Miller who wrote (824)	11/3/1997 2:23:00 PM
From: D.McQ	Read Replies (1) \| Respond to of 4571

Mr Miller....DFR was taken over by INCO so you can no longer access them through their symbol...at least I couldn't find any way to...if someone else has a way of pulling up an old chart I would love to have it..... all I can give you is the links.....the first one is a historical record of Voisey Bay and it lists everything in chronological order if you can't access it from the link here is a printout: It ran in the Northern Ontario Business July 5th 1997 ontarionorth.com ************************************ Tracing the past of Voisey Bay The following is a chronology of events surrounding the Voisey Bay nickel, copper and cobalt find in Labrador: September 1993: Voisey Bay was discovered by prospectors working for Archean Resources Ltd. of St. John's, Nfld. The prospectors were contracted by Vancouver-based Diamond Fields Resources Inc. to explore for diamonds. January 1994: Diamond Fields Resources staked approximately 2,000-square kilometres in Labrador, 10 kilometres from the tidewaters of Voisey Bay. November 1994: Assays confirmed that the average nickel ore grade, at 3.6 per cent per ton, was twice as rich as Sudbury ore grades. The deposit also contains 2.17 per cent copper, 0.15 per cent cobalt and traces of precious metals. The news sparked a staking rush and within one week 13,000 claims were staked in the area by individuals, groups and large mining companies. April 1995: Vancouver-based Teck Corp. purchased a 10.4-per-cent stake in the Labrador deposit at a cost of $108 million. Archaen Resources holds a three- per-cent net smelter royalty in the find. May 1995: Diamond Fields co-chairmen Robert Friedland and Jean-Raymond Boulle announced the appointment of John Paterson as executive vice-president with responsibility for operations at Voisey Bay. Paterson was formerly manager of process technology for Inco's Sudbury operation. May 1995: Friedland and Boulle announced the appointment of Clifford Carson as president of Diamond Fields Resources. Carson was formerly senior vice-president of marketing for Falconbridge Ltd. in Toronto. June 1995: Inco. agreed to purchase a 30-per-cent stake in the deposit, along with seven per cent of Diamond Field's shares, at a cost of $700 million. June 1995: Shares of Diamond Fields, which were valued at less than $4 last November, toppled the $80 mark. ************************************ the final link was from Source News and Repots March 27, 1995 sddt.com Canadian Nickel Miner Inco Makes $3.3 Billion Offer for Diamond Fields March 27, 1996 TORONTO (AP) - Canadian nickel miner Inco Ltd. on Wednesday made a $3.3 billion takeover offer for Diamond Fields Resources Inc., a Vancouver company that owns the rich Voisey's Bay nickel deposit in Northeastern Canada. The Inco takeover bid tops Falconbridge Ltd.'s earlier $2.94 billion bid for Diamond Fields. ''We believe the total consideration in our offer is clearly superior to that in Falconbridge's offer,'' Inco chairman Michael Sopko said in a release. The move comes two weeks after Diamond Fields rejected a $955 million proposal that would have made Falconbridge and Inco equal partners in the Voisey's Bay discovery, the richest mineral find in Canada in decades. ''The Inco offer provides Diamond Fields shareholders with the opportunity for significant ongoing participation in Voisey's Bay,'' Sopko said. ''From Inco's perspective, this transaction is consistent with our stated corporate objectives of expanding the company's nickel production and improving its cost position.'' ************************************************** Old news but can be a learning tool don't you think? I know experience has made me wiser...... Darlene