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Gold/Mining/Energy : JABA INC.(c.jba) -- Ignore unavailable to you. Want to Upgrade?

To: hedger who wrote (209)	1/26/1998 8:42:00 AM
From: Mr Metals	Read Replies (1) \| Respond to of 1044

Hi Hedger Thanks for the information. Mr Metals

To: hedger who wrote (209)	1/26/1998 12:57:00 PM
From: Chuca Marsh	Read Replies (2) \| Respond to of 1044

News today on new Vice Pes, options to replace expire ones for management ( at the fairer level -we should hope at .60 CN strike!) and some info on JV negotiations in progress and supplement info on Hay Mountain JV with Phelps Dodge as to the neighboring Claims DO PRODUCE @ 5% of the WORLDS' COPPER Annual Production. That rates mention: Joint Venture with Phelps Dodge Jaba is focusing on acquiring and joint venturing world class precious and base metal properties in the mineral rich district of southeastern Arizona and northern Mexico. The first joint venture agreement was recently finalized with Phelps Dodge on the Hay Mountain gold property near the famous precious metal mining district of Tombstone, Arizona. Drilling is scheduled to commence pending issue of all required permits. Phelps Dodge is one of the largest mining companies in the world and already operates three large mines in the area, including the Morenci mine, which accounts for more than 5% of the total copper produced worldwide. Jaba is in various stages of joint venture negotiations with several other mining companies on a number of the company's more than 21 available properties. Chuc