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

To: Milk who wrote (3615)	5/6/1998 2:08:00 PM
From: Martin Wormser	Read Replies (1) \| Respond to of 4571

It get better!!!!! Here are Old PRs Part 1 and 2. ENJOY Dear fellow screwed BCMD stockholders, I have listed the last 5 years press release headlines. Please respond as to whether this scenario sounds familiar? Have fun. 1992 1992 Local mining company featured in Sacramento Business Publication 1992 BCMD names Koenig CEO 8\92 Wall Street Journal, BCMD and Kyrghyzstan deal 1993 4\93 BCMD mentioned in Wall Street Journal, Deal with Kyrghyzstan 5\93 BCMD receives approval for permit to construct additional sedimentation pond and receives Yorkton Securities Asset Valuation Report. 5\93 5\93 BCMD signs decree for joint venture with Kyrghyzstan 6\93 BCMD signs decree for joint venture with Kyrghyzstan and MK Gold 6\93 Lawson named new Chairman of BCMD 7\93 Gold production begins at Ruby Mine 150 tons\day increase to 225 tons Fall 1993 Newsletter, Goal to lift 100 tons per day from Lowrey and 50-75 tons from the Black Channel. From 7\93-9\93 company ran 2,836 tons at the rate of 150 tons per day. Company should be able to run 3,000 tons per month in future. 1994 Spring 1994 Newsletter, $4.2 million settlement from MK Gold Mechanical problems at Ruby mill. Record snowfall. 66 oz mined during winter. Upgrades at Ruby to be ready by April. $400,000 to spend to boost production to 150 oz per ton. (Thought they said that 7\93) 4\94 BCMD names new CEO 4\18 BCMD makes $400,000 in improvements at Ruby. New CEO looks for profitability as early as July 1994. Summer 1994 Newsletter, From CEO Jim Chapin, purchase 2 new ore trucks, Full scale mining won't begin until July1. Ruby to run ore 10 months per year. "This is the year of no excuses for BCMD" Chapin said. 4\94 Officers of BCMD bet salaries on gold production. CEO and president won't take pay until production begins. 5\94 Letter from Jim to me, I have spoken with our mine superintendent and we plan to follow your instructions with regard to our new metal detector. JC 6\94 BCMD begins production at Ruby Mine, Begin with 100 tons\day at 200 tons\day by July. "We remain hopeful that we will be able to make BCMD profitable by July, "Chapin added.. "And it gives a big boost toward making a the mine a year round venture rather than just a nine or ten months out of the year." 9\94 Hiring NJ PR firm, Roth Investor Relations. We expect to do a road show which will include Boston, NY, Chicago, and possibly other cities during October. 10\94 BCMD to drill for Lode Deposit 10\94 BCMD announces successful drill holes, 50,000oz may be contained in channel 11\94 VISIBLE GOLD FOUND IN 200 LEVEL OF WOLF VEIN 12\94 Dow Jones article BCMD backs FY view .56\share or more. <g> BCMd expects to meet or exceed analysts estimates that it will earn 56 cents per share in the fiscal year ending June 30 according to Jim Chapin. BCMD has virtually no revenue now because it has been reworking it's old mines and has no significant production. FY ending June 1994 it had a net income 136,625 or 3 cents a share on revenue of $4.4 million, coming from a lawsuit settlement. "There has been more snow up here this year than at any time since the Donner Party came over the pass." He said BCMD expect to begin production about 40- 50 ounces of gold a day from the placer channel as soon as the weather warms up. He said BCMD expects to produce 100 ounces of gold per daily from the Wolf Vein no later than May 1. He predicts BCMD would have an annual gold production of 25,000 to 40,000 ounces starting about mid-year. "Given the companies 8 other mines, which it has yet to begin developing in earnest, Chapin said, the long term prospects are FAR GREATER THAN 40,000 OUNCES A YEAR. I am ROTFL! To be continued...