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Gold/Mining/Energy : United Tex-Sol Mines (ASE:UTX.A)

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To: SwampDogg who wrote (220)	11/19/1999 7:00:00 PM
From: Alastair	Read Replies (2) of 527

Right now with all things in... Please fill in the blanks............ ANYONE PLEASE FILL IN #'S IF YOU KNOW DIFFERENT FROM WEBSITE Geological Resource = _______ tonnes grading ______ g/tonne. Or if you are american... Geological Resource = ________ tons grading ______ oz/ton? And if they get $15/ounce or at 7g/tonne = 34/7 = 4.86 tonnes = 1 ounce of gold therefore $3.09/tonne of 7g/tonne ore. CURRENT SCENARIO BASED ON WEBSITE INFO So lets do some of those funny calcs......currently from latest website indication we have 360,000 ounces at roughly 6.4 g/t which = 360,000 x 15 = $5,400,000 which when divided by shares outstanding we have 5,400,000/20,000,000 = $0.27/share with zero value for a further increase in geological resource which could be in the range of say .5 million ounces? so if we add that in we would get another 7.5 million $ which would add 37-38 cents so if we hear of a geological resource of say .85 million ounces then we have a $0.70 stock easy........ And we are in good ol' prolific Timmins We have Kinross as a JV pal and if gold goes above $350/oz we have a share price at a 166% premium based on the possible sale at $25 per in-situ ounce above 7g/t....which would be in the $1.20 neighbourhood.... am i making sense or do we see a possible share increase? As always Alastair

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