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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!
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To: Bruce who wrote (541)9/28/1997 1:44:00 AM
From: Harry K   of 1348
 
My guess on the timeline, based on UKH's wish to have its first ore in the mill by the end of the first quarter, and requiring 4 - 6 months to drive a ramp to the orebody for their mechanized equipment, would be a month to breakout on the outside. Beyond that, their timetable will have to be moved back accordingly. Since they'll initially just be driving the ramp - I don't see the oncoming winter as being anything of a problem. S.P. told me thay have the propane tanks in place for their heaters, along with the ventilation fans. The chart's converging triangle is on the verge of converting to a growing rectangle - with tops and bottoms at the 0.75 and 0.60 levels respectively. This kind of pattern develops from a converging triangle if news is delayed, and is generally longer term, because it has no natural "fuse" to it. However, with rising prices of silver, and the federal minister's signature imminent, I'd lay my $$$ on an announcement within the next week or two.

Harry K.
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