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

To: robert azana who wrote (240)	2/6/1998 6:27:00 PM
From: Chuca Marsh	Respond to of 1044

So worst case sceanerio it at just .25 (on quarter of 10 Mill USD) that is PE ( Price Earnings Playtime) and say; use a 7 !!: <<Issued 13,300,332 Insiders purported to have 6,000,000 and not selling! Assuming, next JV is 2million, that makes it 6 Million US for drilling! With the other two JVs, coming down shortly, averaging 2Million per JV, equalls 10 MILLION US >> 13 Mill or 7 million non-tightly held shares means best case one way and worst case another: (Without quading the basic JV figures) Do the math, just chew onit!: 7 mill = 0.35 per share so that is times 7 = $X PE Share Price(Hint:$2.49) Now try 13 mill = 0.19 per share So " " " 7= $ X PE Share Price( Hint : $1.31 USD it ain't gunna be!) ( Try a TEN here for -rather above at the hiher figure and be content- have a nice weekend all!) Here is another of my favorites witha PR/NR just out, they are going into production with the sister co mill in 98 and ( or should I say have to Pay out some Millions of Bucks like P-D and Cyprus here BUT Jaba retains 30-40 Minninum NSR where the Logan Folks only get a 1 % NSR, reverse think...PBM protects Shareholders by not haveing to pay out MORE than 1% to get a nice claim; Jaba gets a NSR of not 1% plus the 40%...BUT 45% on average ( not bad- I say)( Especially when the Multi- Million Bucks Extra Payments kick-in and the 45% Retention of Ownership compared to 61% and we have NO MONEY OUTLAY and they do, but they got it prooved up for bankable and production; but the point is WE DON'T SPENT at THE Pre Feaseability Moneies as OTHER do to get these deals!: Pacific Bay Minerals Ltd PBM Shares issued 7,369,229 Feb 5 close $0.20 Fri 6 Feb 98 Acquisition The VSE has accepted for filing an agreement dated October 31 1997, as amended November 14 1997, whereby the company can acquire from Energold Minerals Inc, a 60% interest in 106 mineral claims known as the Logan property 108km northwest of Watson Lake in the Watson Lake mining district, Yukon Territory. Consideration consists of cash payments totalling $2,350,000, to be paid in four stages by October 31 2000. The company is obligated to incur $1,300,000 in exploration expenditures on the Logan property in three stages by October 31 2000. Energold retains a 1% nsr royalty. >> And Jaba got them to pay and work faster, I only use this example because it it dated TODAY and I see contrary similaries and in no way PUT DOWN any company as bothcompanies mentioned -Pacific Bay and Jaba are infact, working smart. But Jaba doesn't have to spend some big revenues UPFRONT out of first production dollars, only take their share in, thety are both smart for their own NEEDS! Chuca

To: robert azana who wrote (240)	2/7/1998 11:31:00 AM
From: MUDMAN	Respond to of 1044

Mike and All: Mike, first: Maedel's is done with Jaba as someone else noted. I just got his latest issue (I'm also letting it run out FYI). I spoke with James Alexander at JBA on Thursday. Some important facts: The JV is SIGNED - so this IS a done deal, NOT a preliminary "agree to agree document". This is great news. The four month window as per the news release starts as soon as the drilling rigs reach the property. Let's hope they get there ASAP. This is certainly POSITIVE news. Mr. Alexander also stated that they are working on a few other JV's - one to be silver related. This is close to what the company said was happening when I spoke with Dr. Guilbert in November and December. I believe this is in large part a result of the Arequipa boys being involved. They seem to be coming thru. The proof will be when the drills actually start turning. Mr. Alexander expects Phelps Dodge to be drilling very soon once they get their permits. With heavy insider ownership, I agree the float is not that great. With the succcess that WTC has recently had, I think that some new life will be breathed into JBA and other plays (see AMT Int'l AAI on Toronto - another one I own). The biggest challenge we JBA threaders have is information flow, since there are no newsletter or brokerages following this play. The dialogue here is INVALUABLE. Let's all keep up the information flow. FYI I will be going in for another 20,000 shares on Monday. The upside leverage is immense - and downside is limited. Am I a believer? I have 42,500 shares already (at higher prices). This thing, I believe, will be a huge winner in 1998. MUDMAN