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

To: Milk who wrote (1446)	11/22/1997 4:17:00 PM
From: Bill Galkowski	Respond to of 4571

Maybe the article will be in their On-Line edition (but you need to be a subscriber to be able to view it).

To: Milk who wrote (1446)	11/22/1997 4:31:00 PM
From: Lord Smooth	Respond to of 4571

There is an interesting 12/1/97 article in Forbes about gold mining companies. They mention Getchell Gold GGO, which is producing 200,000 ounces of gold per year, has 4.5 million ounces in proven and probable reserves. Sales in latest 12 months reported at $87 million and a net loss of $22 million. The stock, at around $35 on 11/5, trades at a market cap of $1.021 billion. I am not going to pretend I am knowledgable about any BCMD forecasts at this point, but supposedly BCMD could be a 200,000 per ounce producer within four years. There is one big difference between GGO and BCMD, though. GGO has around $60 million in cash. From what I recall BCMD has negilible cash amount. If there is more gold to be found, and BCMD cost of operations is as low as it says, then BCMD within four years could be a nice little mining company. If not, well, you lose your entire investment. I am not going to try to trade the stock. It is volatile and anything could happen. Just buy it, understand the very grave risks involved, and see what happens. Again, why would anyone invest anything in BCMD if it did not view the reward/risk favorably? As of now it has great potential. Time will tell if this potential will be realized. Schop