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

To: Lord Smooth who wrote (2512)	1/5/1998 11:41:00 PM
From: IRVINESULLY	Read Replies (1) \| Respond to of 4571

Schopenhauer..In all seriousness, if you were willing and had $9mil that you were offering to the company, I guarantee they'd offering a substantial discount rate also. That is not that unusual in any business deal. Deals are made every day. Half of which we never hear about. Yes, it's their money and that was the deal. There are warrants that some companies offer for even more of a discount sometimes. If you choose to buy some more stock, there's still time to buy it at a good price. Happy buying.

To: Lord Smooth who wrote (2512)	1/8/1998 3:17:00 PM
From: Lord Smooth	Read Replies (1) \| Respond to of 4571

Good news today. Impressive that gross margin/oz is $96. Next question to ask is what is pretax margin/oz? If you assume that other expenses are at least $4 million per year (conservative estimate) this will give you a shot at answering this question. The key question is: How quickly will BCMD get this ore out of the ground? 60 oz per day other expense is est. at $256/oz 160 oz per day other expense is est. at $95/oz 300 oz per day other expense is est. at $50/oz. Assume 60 million shares outstanding and $95/oz gross profit to offest above expense and see what you get. 60 oz per day: Annual loss of $0.04 per share 160 oz per day: Breakeven 300 oz per day: Annual EPS of $0.07 Combine this with the fact that there are potentially 10 million warrants and a larger number of private shares that are 1/3 or less than the current stock price. Comments? Thanks. Schopenhauer