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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!
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To: The Lone Ranger who wrote (782)3/3/1998 8:45:00 PM
From: David Luton  Read Replies (1) of 1348
 
Only doubling of the stock price maybe too conservative says
Keno Sabi. Are you sure only I horse can carry away all of your upcoming gains. You maybe leaving a lot on the table if you
are more patient. (for other reader's background see our
previous posts on another thread (A Yukon Mining .....)

My logic goes as follows. On page A29 of the reference merger
document all in site cash costs are $3.41 per ounce exclusive
of head office and royalty costs with annualized production
of 5,600,000 ounces of silver equivalent once a sustained
production rate is achieved.

If one assumes 40,000,000 shares in the merged company, one
can easily justify a per share profit of 20 cents a share.
Given current average TSE multiples I get double your projected
share price if one waits for a complete startup. Say in a
years time.

Let me know when you want to sell your shares at $1.70, (I
assume all financing will be complete and startup underway
at this point.) I may want to buy in for the second round
appreciation.

This doesn't even look at the values of the Marg deposit.

Let Silver eat some grass for a few weeks and get another
horse to carry off all your gains. Then off we
go.

Dave Luton
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