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

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To: Brian Gerbozy who wrote (958)6/3/1998 1:43:00 PM
From: Harry K  Read Replies (1) of 1348
 
Brian, thanks for the kind words.

The crews should begin arriving at the site shortly, perhaps early next week - maybe even late this week. Additional news to follow re: further developments on balance of financing. Apparently, this new contractor, considered among the elite, can even further reduce operating costs, making the orebodies even more profitable! They were running the Shebandowan operation here and did a really fine job - it had to close because of falling base metal prices, though.

The soft metal prices are affecting most of the miners these days, and as perhaps many, or even most, of the investors and speculators out there looking at these companies are city dwellers who know nothing about mining, and probably have never even seen a mine headframe, they'll lump Keno along with any other operations, and not show much interest at this time. However, as news on their pre-production activities and planned production news begins to spread, I would think it logical to assume buying interest will pick up and move the price up.

BTW, I understand UKH a website is in the works - to appear in about a month's time!

Harry K.
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