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

To: Jeffery E. Forrest who wrote (2884)	2/5/1998 2:45:00 PM
From: Roebear	Read Replies (1) \| Respond to of 4571

Well Jeffery (and Martin), I would not, ever, accuse Jim of trying to paint everything rosy. I wish I would have recorded it. There were a few things I liked and a few things I didn't like, but one thing I am sure of and that is Jim Chapin will not hype this stock. If anything, I fear Jim goes too far in making sure he does NOT hype the stock! I will only comment on what seemed most significant, I am sure others will have better comments. 1 El Nino weather is holding up moving ore to the mill the last 5-6 weeks. Specifics I do not have but it is significant. The good part is this with the winter is getting over with. 2 The liners on the Ball Mill are thin, the mill is being run "judiciously" until the new liners, which are ordered, arrive. 3 Pouring of gold was held up (by mine safety) due to a problem with ventilation of mercury fumes during the amalgamation process. (Please correct if wrong). This is OK now I believe. 4 It was clarified that the tag line that goes along with BCMD press releases about so many million oz here and there did not refer exclusively to BCMD mines but to the district where the mines are. Good news is: 1 Everything is in place to run 30 tons a day through the mill when the weather allows trucking the ore there. 2 BCMD focus is to show the street and the world that they can consistently produce from their mines. 3 Jim said their goal is to have another mine in ore this year! 4 They will be talking over with partner plans to improve mill to 60 tons a day (day=shift) and when another mine comes online 3 shifts will be able to do 100 tons a day. 5 The JV has no provision to walk away from the deal. they may walk away from it when they pay the 9 million and give 30 days notice. 6 There was no mention of diamonds, gee, sometimes I like surprises:) That's all I have time for and bear in mind that this is all dependent on my recall....caveat emptor etc. Corrections from other attendees welcome. Roebear