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

To: DDS-OMS who wrote (1265)	11/18/1997 1:09:00 AM
From: ralph keating	Read Replies (1) \| Respond to of 4571

what % of the float do you think we represent @SI? enough to move this baby? ralph :>

To: DDS-OMS who wrote (1265)	11/18/1997 9:54:00 AM
From: Mr. Miller	Read Replies (3) \| Respond to of 4571

My impression was that it was not a whim, but you are absolutely correct. You never know what is really going to happen, but lesser numbers are much more realistic. However, I must add this: He went on to explain the reasoning his contact had. First though, he felt about 15 million would be a good number for short term. Based on the info that it would cost about 300,000 per month to operate a mine well, the 15 million would "only" get 4 more mines up and running for one full year. Of course, he said, you can play with all kinds of combinations with that figure. Example, you could put more than half into the Ruby Mine(~7,500,000) and get it going well for about two years, and sink the rest into 2 other mines that look promising for a year. The reasoning behind the much higher figure is to allow better distribution of funds in order to get the other mines going and increase production at the (current) lower Brush Creek Mine. See? he feels the money will be greater to sustain many of the remaining mines for a couple years. 3, 5 or 7 million would just be "too little" for this company to really do anything substantial. 7 million would only allow one or two mines at best to be open for one year, or double capacity of current mining. He had thought that the JV would do this, however, and wait for more results before putting up more money. That would be the conservative view and with a small fish. His contact has convinced this guy that the JV is a big fish willing to put up substantially larger numbers for BCMD. This is part of the reason he feels that BCMD is already finding large amounts of high grade ore. basically his reasoning is for cash to be big enough to dramatically increase BCMD activity in many of the other mines, if not all, and step up the pace at the current site. This could only be done with substantial money(ie. >35 million) I share your sentiment, because I have heard this hype before. I have some respect for this guy because of the firm he represents, and I do think it is imperative to pass on info that one has come upon. After all if he is telling me this, he is telling alot of people this(at least his clientele). Perhaps I shall bounce this stuff off Lionel or Jim to see what kind of response I get. I do not think what this broker is saying would constitute touting, subject to inquiry, but it does sound pretty close. We'll just have to wait and see if he is right. Until then, just keep this info in mind, but don't buy or sell on it. I am not. If it sounds too good to be true, it probably is. My goal would be JV with about 5 million to double capacity of current mine and do some serious core sampling of other sites. In the fourth quarter, if things look good, I would like to see a bigger committment of maybe 10-20 million or more. I see the stock price reaching 2-3 by year end. That would be fine and more realistic. But its a penny stock and they work in mysterious ways. Would you have ever thought that BCMD would be trading at $1.50 following the announcement of Oct.14th? In retrospect, it was an unbelievable jump for announcing a find of about 150,000gross(at best) in gold. Sure it is a good find, but $1.50? No telling what people would do with an announcement of over 35 million from a JV. How long does it take to do core samples? Miller