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Gold/Mining/Energy : DYNATEC CORPORATION (TSE & ME - DY)

DY 371.41

+2.3%

9:56 AM EST

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To: MrsNose who wrote (44)	7/29/1998 11:59:00 PM
From: Rich N.	Read Replies (1) of 148

Dynatec On The Road To Big Profits !! Dynatec's 2Q results are very positive. Dynatec's net income for the 2Q of $1.9 million or .017 cents per share means the year end results should be very good. Earnings at year end should be above 6.5 cents per share or around $8 million. Considering the current state of the mining industry, Dynatec is doing very well. Shareholders must however look to the future. The United Keno project will add significantly to Dynatec's bottom line in 1999, but more important is the Midas Venture contract. To date there are 4 million ounces of gold and 45.7 million ounces of silver proven. Franco Nevada and Euro Nevada are spending $5.7 million this year (1998) to conduct futher exploration on the property. Current reserves mean that the mine will be in operation for at least 19 years, any additional reserves will extend the life-span of the mine. Plant construction started in February and should be completed by year end. The US $84 million mine and mill is scheduled to be in full commercial production by May 1999. When the United Keno project and the Franco-Euro project are up and running we should see profits triple or better. These are long term projects that mean revenues and profits for several years (15+ years). Dynatec is currently going after several other major projects. Dynatec has a bright future ahead of it. When the news letters start reporting on this stock we will have some real fun. However, I plan to hold for the long term, this will be a multi-dollar stock. When ??? DY - $5.00 within three years.

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