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

To: Paul Body who wrote (1084)	11/12/1997 12:12:00 AM
From: Charger	Respond to of 4571

Paul, I am glad you were able to read production costs correctly, or rather as I had intended. I guess my communication was not too clear. That was it exactly, that it costs $150 for BCMD to process one ton of economical ore and that finding .3 oz of gold in that ton is their actual conservative expectation, for budget purposes only. The truth is that they are finding 1 oz or better, even well above that in some areas, which brings the cost of production per oz down proportionately. The reason their costs are so much lower than the industry standards of $222-$250 per oz per ton, is the high-grade quality of ore. I never said that $150/.3 oz per ton was industry standard, as Mr. Miller quoted me to say, I said that that was the figure that BCMD was using for their own internal computations. If I was unclear before, I apologize, and I appreciate you, Paul, understanding what I meant to say.