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

To: Roebear who wrote (2883)	2/5/1998 12:39:00 PM
From: Jeffery E. Forrest	Read Replies (1) \| Respond to of 4571

I'm going to listen to at least some.

To: Roebear who wrote (2883)	2/5/1998 12:45:00 PM
From: Martin Wormser	Respond to of 4571

Roebear, No, I have attended 3 ccs and I think I know what they are going to say. I'm sure everything's going to be rosy. martin PS: Thanks for the help on Y.

To: Roebear who wrote (2883)	2/5/1998 2:29:00 PM
From: Jeffery E. Forrest	Respond to of 4571

Here's some breif notes from the CC. More to come. 9000 ounces pillars alone. Preparing to move to the bottom 2/3 of pillar 4 in 8-9 days then on to pillar 8. Drive from Pillar 4 to 8 is thru mariposite. Probable that this contains gold. Milligrade ore Pillar 1 was VERY rich thus Pillar 8 is expected to be AS rich. LOTS of visible gold. VERY anxious to announce grades and production, but WEATHER has held things up. Most recently found VERY high concentrations in bowls from the assay from SHASTA (company that did the assay) Mill capable of 30 tons right now. Need upgrades to mill 60 tons a day. Will be discusiing with Sterling. Sterling will be there Sunday. Will be able to consistently give numbers VERY soon-Weather

To: Roebear who wrote (2883)	2/5/1998 2:32:00 PM
From: Jeffery E. Forrest	Respond to of 4571

MORE: There are 3 million "inferred" ounces according to the report by Odin Strandburg. Will be able to consistently give production numbers VERY soon-Weather has slowed everything now BIGTIME They haven't been tossing these numbers around because they want to be taken seriously when thwey go on a road show which will be soon.

To: Roebear who wrote (2883)	2/5/1998 2:42:00 PM
From: Jeffery E. Forrest	Read Replies (1) \| Respond to of 4571

More: They are selling 85% pure gold (not bullion) in bulk to someone in South S.F.(?) for 98% of spot price. Chapin said he considers this a great deal. He also said that he considers the JV deal the most significant JV deal struck by ANYONE in the last year or so. *(I think this is important considering the shitty POG) 20% is "super-high-grade" jewelry grade gold which they have been "slabbing" (cut into slabs). This has been commanding a premium price -> $500 an ounce INCLUDING the quartz.