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Gold/Mining/Energy : Best buys in current market

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To: StockJock-e who wrote ()	7/15/1997 9:10:00 PM
From: Hans Nonchen	of 210

Holmer Gold Mines (HGM-TSE) Has 2 advanced projects. 15 million oz. silver deposit in Cuba, pre-feasability study completed. Production cost 1.85 per oz. 50% joint venture with Cuban gvmt. Stock is worth at least 1.20 on the silver deposit alone. Company has released preliminary reserve figures from their 100% owned Timmins gold property. So far approx. 345,000 oz. More drilling is going on right now, with the width of the deposit and gold grades increasing. Recently announced base metal discovery in central Cuba. Very high grades, worth about $300 per ton. More drilling going on. Company has no debt and sufficient cash to carry out more exploration. They also have a gold discovery in Cuba. I believe that at $.70 this stock is severely undervalued. Prior to the Bre-X debacle and before the reserve figures from Timmins the stock traded in the 1.40 - 2.00 range. Check it out! Investor relations: Jim Hitchie 1-800 246-9938 Good luck Hans

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