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

To: Mr Metals who wrote (4065)	11/15/1998 12:38:00 PM
From: Fred C. Porzio	Read Replies (1) \| Respond to of 4571

To ALL: The following update was posted by Larry Stockett on the Yahoo board. As I said on the Yahoo board "Larry, as always you have my compliments". Saturday Update from Stockett by: lstockett (51/M/Las Vegas, NV) 14896 of 14904 I appologize for taking so long to post this update. I was in California and did not arrive back in Las Vegas until very late last night. I had received a response from the Board of BCMD by the 5:00 p.m. deadline. They faxed it to me at my follow up meeting in Temecula, Ca. In all fairness to the Board I will post their response to my proposal below: November 12, 1998 Mr. Larry Stockett U.S. Cement Company 4185 S. Paradise Road #1115 Las Vegas, NV 89109 Dear Larry: I am writing on behalf of the Board of Directors of Brush Creek Mining and Development Company in response to your letter of November 11, 1998, proposing, as we understand it, an acquisition by Brush Creek of your majority ownership of U.S. Cement Company in exchange for Brush Creek shares. The goal of this proposal would be to combine the two companies in a way which would permit the combined companies to benefit from earnings sheltered by Brush Creek's tax-loss-carry-forward. We understand that the success of this plan depends on many factors. It seeems to us, however, that the key factor which will determine success or failure is the success of you business plan as set out in part in your letter of November 11, 1998 and in part on the U.S. Cement internet website. The Board of Directors met on November 12, 1998, to review your proposal. We are impressed with the outlines of your business plan and believe that your corporate structuring proposal provides at the very least a good starting point for merger discussions. Due diligence on behalf of our shareholders requires that we formulate our response to your plan and proposal in the context of information that we currently do not have. It is customary and routine that a prudent review of your offer include information about commitments you currently have from other components of the transaction including contracts, letters of intent and existing or applied-for lines of credit. In addition, please identify for us the professional people you intend to use to complete this transaction (lawyers, accountants, etc.) or those that you have used in the past. We would like your permission to consult with them so that we can accurately access your ability to carry forward your ambitious plans. We would like to know what earnest money you are able to provide which would justify our locking out consideration, for the period of time it will take to complete our due diligence in review of your business plan and corporate structuring, proposals of other plans being submitted to us. As you know, approximately $100,000 will be needed in the very near future to further our efforts to safeguard our NASDAQ status. (see next message for part 2 - letter is too long for one post. Posted: Nov 15 1998 1:22AM EST