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Gold/Mining/Energy : United Keno Hill Mines

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To: Claude Cormier who wrote (4)12/7/1996 10:54:00 PM
From: Harry K   of 8
 
Hi, Claude:

Seems UKH traded quite a bit at the $1.35 price on Friday, Dec. 6th,
with only 200 shares crossing over at the closing $1.30.

Previous low (but not close) was $1.27.

The company seems poised to go into production 97Q1, I'd guess on April 1st. Maybe this is a good time to add to position (?)

However, it's future is also greatly leveraged by the price of silver, which seems to be languishing int the $4.65 - $4.75 range.

Any thoughts on buying this, or PAA or SSO for that matter, at this point? And what thoughts on near->medium term silver prices?

Harry K.

aka URK (can't seem to post any more on kitco's stock site - hear about any trouble they're having?)

Thx!
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