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


To: Ryan Weisman who wrote (2227)12/16/1997 4:38:00 PM
From: Brian Pastor  Read Replies (1) | Respond to of 4571
 
I spoke with Lionel today and the company is still actively mining using 2 shifts and is milling the rock as according to the previous press releases. He obviously would not state, and I did not ask about specifics of content per ton. BUT the previousl releases indicated that they found .7 per ton at the top of a wall and that in such situations, it is normal to find a higher content toward the bottom of the wall. That sounds extremely promising. The previous releases also indicate that the company is mining Pillar 4 around now (although there had to have been the normal Thanksgiving interruptions that all businesses experience. Lionel's demeanor is very upbeat,but he is careful not to hype the company, which in my mind, adds to his and the company's credibility. While I expect that BCMD will report something on its initial mining efforts, overall the prospects are extremely exciting. Whether news comes out tomorrow, next week, after New years, this remains a terrific investment.