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

To: Lord Smooth who wrote (2900)	2/5/1998 8:51:00 PM
From: Roebear	Read Replies (3) \| Respond to of 4571

schopenhauer, you meant tons=oz. in the 400,000 of course. I too found that question disconcerting, but while it could possibly be confusing in the "tag line" on their press releases, the company has plainly stated the figures from their own mines before. The Keewatin study has a summary of historical production, compiled by Sidney Norman in 1932 as follows: Mine production in district: 1.77 million oz Placer " " " : 12 million oz Listed from BCMD mines BCMD 160,000 tons at 1.2 oz per ton or 192,000 oz Kate Hardy 15,000 to 30,000 oz from PROPERTY SUMMARY Ruby (Placer) 144,500 oz Ruby (Lode) 1,579 oz Carson 96,000 oz Rising Sun 5,000 oz (approx) High Commission 1,400 oz Total 470,479 oz Since this is plainly stated in the company Property Summary, there is no misleading here, but it was clarified in todays call for those who were confused. In any case, what was mined is of some indication, and the fact that 13.7 million oz or so of gold was mined since 1850 in this district (and is still being mined at 16 to 1 mine) is stated to show the potential, I would imagine our hopes for profits depends on improved future performance. Best wishes Roebear

To: Lord Smooth who wrote (2900)	2/6/1998 4:31:00 PM
From: Jeffery E. Forrest	Read Replies (2) \| Respond to of 4571

The CEO was asked several times questions about production figures and outlook and he never gave a straight answer. Several times? C'mon. A couple people asked about production and outlook. I don't call that "several". You're making it sound like Chapin was being evasive and I didn't get that at all. He stated over and over again that the weather has been holding things up inre production and his outlook was that as soon as the weather got better they would be milling and mining at full capacity. If you live in CA right now you know how true this is. The weather SUCKS. Unbelievable amount of rain, floods, wind, snow, etc. He was asked about the technical structure of the JV announcement and he didn't mention any of the warrants. He talked alot about the structure of the JV deal. Nobody even asked about the warrants. The warrants are pretty standard stuff. What is it that you don't understand? And here's the kicker, how many people here thought they were milling 60 tons per day? Not me. Who said they were in the first place? Nowhere have I ever read or heard that they were milling 60 tons a day. they only have 30 tpd production capacity. Not true. They have a 30 ton per SHIFT capacity and are only working 1 shift a day at present.