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Gold/Mining/Energy : Holmer Gold Mines

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To: Brian MacDonald who wrote (696)10/6/1999 10:25:00 AM
From: Hans Nonchen   of 739
 
Brian, what are the alternatives? Holmer has great properties but no cash, both properties have proven more than most exploration co.'s could only hope for. We need to get production to generate cashflow. Could Holmer raise enough capital to build it's own plant in Timmins?
What would be the dilution?
With cashflow we can proceed to drill some of the other properties in Cuba. I understand that in the Timmins area the deeper you go, the better it gets. We won't find out until we start at the top.
Hans
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