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

To: Martin Wormser who wrote (3840)	7/21/1998 12:07:00 PM
From: DavidCG	Read Replies (1) \| Respond to of 4571

You're right... they are pretty unimpressive miners... However, they are pretty impressive property claimholders. Anyone with that much control of that much historical gold land has a company worth more than a paltry 5 million dollars. Before the reverse split, I agree... the company's land claims were not worth $20 - $100 million dollars...not if they can't effectively mine it. But $2 - $10 mil?... I think so. Don't confuse the hatred most shareholders have with Jim/Sterling/Lionell with the actual book value of these claims, mining equipment, and infrastructure. Some other savvy gold mining company or another large investor is going to look at this big package as a bargain. Of course, who knows... maybe Jim will hit the motherlode? (lol) But now you know why I'm buying down in the doldrums here. I'm buying the assets... not necessarily the management. -DavidCG

To: Martin Wormser who wrote (3840)	7/21/1998 9:12:00 PM
From: Martin Wormser	Read Replies (1) \| Respond to of 4571

For what it's worth: If I was CEO of BCMD this is what I'd do. I propose: 1. No salaries. All get a percentage of the gold mined. Miners get a cut every day or week of the gold. 2. No options. 3. No JVs. 4. Mine the F--- out of the mountains. Sorry Mother Nature. 5. Move from their fancy current golf course office to upstairs from the store front in Grass Valley or Nevada City. 6. Get John (AikoX2)to start a GoldNugget.com website. Sell nugget jewelry on the internet and in a store front in GV. and on QVC!!!!! 7. Take Gardiners Point and make it a place where recreational gold miners can mine with dredges for 50-100 bucks a day. Start a 1849 Western mining town tourist city. 8. rename BCMD to BCMR Brush Creek Mining and Recreation. 9. Rehire Katie. I miss her. martin