United Keno Hill, UKH, Toronto**** Opportunity Knocks! Message Board

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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!

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To: Brian Gerbozy who wrote (631)	11/24/1997 10:54:00 PM
From: Claude Cormier	Read Replies (1) of 1348

<< I think they still have a chance, maybe not to see $45 again, but if you are right and silver is on the way to $12, then this is at least a $5 stock, don't you think? >> If the merger is finalized the company will have at some 32-35M shares outstanding with $5M in treasury. I doubt this will be enough to build new mill...maybe additional dillution will be needed... They have roughly 17M ounces in reserves...IMO, that is good for $0.75 per share base on 32M shares... Ultimately, if they can crank up production to 2000 tons/day, develop additional high grade silver reserves.. the stock could go to $5..for sure with silver at $10.. Of course, all will depends on what kind of mining costs they get.. I agree with you..this merger is UKH's best bet.

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