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

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To: Brian Gerbozy who wrote ()8/6/1998 2:00:00 PM
From: Scripts  Read Replies (1) of 1348
 
From SI Dynatec

To: MrsNose (63 )
From: Rich N. (Trial Member)
Thursday, Aug 6 1998 1:13PM ET
Reply # of 64

Talked to DY's people today and asked them why Dynatec backed-out of the United
Keno project. After Dynatec examined the mill and reviewed drill results they
discovered that the project would not be very profitable. United Keno's estimated
cost to mine the silver was much lower than what DY believes it would really cost.
DY feels the amount of money it would have to invest in the project could be used
more effectively. They believe there are more profitable projects to invest in, and
they are currently examining several. They said DY was not prepared to invest in a
project unless it was sure it was in its best interest. Therefore DY killed the deal !

Lets see what's next !!!

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