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

To: Milk who wrote (1081)	11/10/1997 6:51:00 PM
From: Mr. Miller	Read Replies (2) \| Respond to of 4571

Milk, looks like my source was very conservative. Though, if you can find the article, I would love to get it myself. $222 seems pretty low. I have just done a cursory look at the stocks listed in the "top" 50-some gold stocks in the quote.yahoo.com listing of gold stocks. You know, the list you can get if you look up ECO(for example), then click on research, then click on the category listing its industry rank, yada. yada, yada. In my look, all stocks had well above the cost BCMD has(150/1 oz. gold/ton rock mined). That is obviously an attractive point, perhaps the most attractive of all. As Gold goes back up, or even if it hangs here a while, BCMD has a great, low cost to produce, so realizing profits will be much "easier" than the others in the industry. I spoke to one gold fund group today. They liked this cost ratio very much, but would not commit too much to BCMD, yet, till they saw numbers. Their feeling on a JV partner was one of high interest, but less than that which BCMD may have in the ground. They felt that a JV partner announcement would only cause a temporary spike in the price, and offer some credibility. If there was real good numbers forthcoming, it would mean alot more for BCMD's credibility. In not so many words, it was expressed to me that BCMD would become a higher priority for potential investment. Their opinion was that the region could be ripe for the picking, but they would need "up-to-date, reliable assay results", along with proven track record to produce gold at the great low cost of $150.oz.gold/ton. They could not comment on what BCMD had found yet, but said the high grade ore would be a significant find if it was for real. Whether or not more of "that" quality/quantity would be found was doubtful to them, but who knows. Nevertheless, it created a nice surge in the stock price. The comment on management was neutral because they did not really know Jim or Lionel, but had spoken to them before. First impression was that they saw a company "going out of their way" not to hype this stock. That is a direct quote. It was the opinion that this behavior brought strong faith and credibility for future interest, whatever the hell that means. I took it to mean that they did not think Lionel or Jim were full of s--t, and would be watching closely. I'll probably try someone new next time to see if I get similar remarks. The overall tone of the conversation was one of caution. Bre-X came up at least 5 times. Noone there wants to be screwed on home turf(USA). I never got the impression that BCMD could blow if production was good, but I never really asked that question. I did not want to look like a raving small investor trying to push this penny stock as the Intel of the gold stocks. Miller