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

To: Anthony Graham Poyser who wrote (1253)	11/17/1997 9:36:00 AM
From: Mr. Miller	Read Replies (1) \| Respond to of 4571

Called my two brokers for a response. Could not reach the one in Colorado-he was the one buying. Will try later. New York broker,who is from a small firm is intrigued to say the least. He said that he doesn't like companies like these putting time limits on themselves. Having info in two weeks puts too much pressure on the company to fulfill that deadline-and can let down investors if two weeks come and go. However, it coincides with November. In other words, the news will be out in November-acccording to this broker, he was told ny PR that people in the camp of BCMD(not PR's own words) are looking for this month to be"November to Remember". He did not really like that hype. Nevertheless, the .7 reading is excellent. To Charger, I posed the hypothetical "house analogy" to him. His response was that it was possible that they were in the floor referring to your analogy, and that .7 could be the highest. He just wanted to keep that possibility in mind, but believes personally that this .7 does not represent the floor. However, he did concede that if they were still getting to the floor, your theory is very likely to evolve-ie. gold does settle, and the "floor" could be extremely telling. This brought us back to the release today. He was much more bullish, but wanted to see a reaction today in the stock. If there is strength, he would be looking to cautiously accumulate in anticipation of the news this month. Even more so, he was very bullish on the JV. His take: BCMD HAS a JV partner and the lawyers are finishing up the details. He has seen this talk before and it is following a typical pattern of dissemination. Usually these small companies who look to sign a deal are just dying to tell the world about it, so they inadvertently tease us with ever-increasingly closer terminology. Like closure and finalizing and wrapping up, etc. He feels they know what is in the the "floor"." They have been in Pillar four long enough. They know what is in there." My question: why are they waiting? His answer: I do not know, but I think they were waiting to finish the JV deal and have news together of gold production/assays and JV. It would make for a monster day. My question: And beyond that: His answer: "Well, they have money. Let's see what they'll do with it." Will try to call Colorado. Things look good right now, but still many ifs to become whens and nows. Much excitement in BCMD camp. Hope for a good day. Miller