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

To: virginijus poshkus who wrote (1591)	11/26/1997 11:36:00 AM
From: Shammymoo	Read Replies (2) \| Respond to of 4571

for those holding longer term... haven't any of you figured out what BCMD is really worth? Over a year or two as they mine there 6 million ounces, the actual value per share is in the $40+ range, the gold is there, this isn't some mine in Jakarta, it's in the U.S. If you have any doubt, go tour the mine, as many already have... The Price Of Gold (POG) even if it hits $220 an ounce will still have this mine at a profit.. Sterling is putting in 9 million bucks, and has an option open to put in more by Feb, if you were investing 9 million or more, wouldn't you be damn sure there was gold there first? and wouldn't you want to invest more if they kept producing more gold than expected for a couple months after your intial investment? I can wait a year or two to sell somthing I bought for a buck, for $40 :-) and I will continue to buy more shares if Sterling ups their position, In case some of you haven't noticed, we just went from a mine on the edge of bankruptcy, to a well funded producing mine.. it WAS worth less than a buck before, and it's most definately worth more than $2 bucks now... I say buy now while the POG is down, it may be one of your last opportunity's... just wait till they release there December earnings.. :-) For now, the rest of the quick buck scalpers, need to finish getting out, and get out before the holiday, as they get replaced by folks like me who plan a holding a certian number of shares for more than a year, the price will gradually continue to rise, as it has since it was .25, the less float out there, and the more new people coming in, determines how high and how quickly the price will rise, if any brokers begin to follow it, the float will diminsh quickly, and we may see double digits even quicker.. GoodLuck & GodBless, (GG)