The history of Dundarave Resources (JABA Inc.) is difficult, at best, to effect due dilligence.

Briscoe's history with JABA was no secret (declared accordingly in SEC disclosures). I for one was hoping the dead ends I encountered prior to investing implied a dissolution of the company, or at least Briscoe's involvment.

The particular targets do present interesting questions.

Providence:

Optioned to 80% (as ammended July 8, 2005) to Strategic Merchant Bancorp Ltd. I have not, yet, assetertained the current status of this aggreement or the targets. I would hope it [the JV] was disolved if LBSU is optioning at 100%.

East Silver Bell:

Kennecott Exploration JV disolved (August, 1999) after they (Kennecott) determined drill results were inadequate to justify project continuation. Results: 3 holes drilled; one resulted in lost drill bit, one terminated at 940ft post mineral andesite, one hole collared in post mineral volcanics, passed into leached capping and then into a chalcocite blanket from 850 to 1,000 feet. This interval averaged 0.03% copper as chalcocite and enriched silver up to one half ounce per ton. Below 1000 feet essentially only barren pyrite was encountered to the bottom at 1,260 feet the grade decreasing to less than 0.01% copper.

This new porphyry center lies 4.6 miles east of the ASARCO Oxide Pit ore body along what is now known to be the Silver Bell caldera margin. It confirms the potential for additional hidden mineralization northeasterly along the extension of the caldera margin of another 3.8 miles to where it is cut off by a large fault. This distance is controlled by JABA and represents enough space to contain the portion of the caldera occupied by the 3 known ore bodies mined or being mined by ASARCO.

Tombstone:

http://www.dundaraveresources.com/s/...

Evidently there was a JV with Freeport-McMoran (Phelps-Dodge) which was terminated upon broad exploration cancelations by Phelps-Dodge.