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 (6)	3/4/1997 1:19:00 AM
From: Claude Cormier	of 1348

Brian, these are not large reserves and the current price look about not too bad, altough a bit low. << They have spend millions >> But it seems that they still need more ??? UKH has been trying to finance the resumption of the mill since last year...and so far they have not succeed in getting the $10M-$15M they need. The odds are that this may add to the shares outstanding. They are not out of the wood there.. I read all the press releases since last year,...and there has been too many failure to finance the startup... Looks like they will need much higher prices in order to get these $$$. I much prefer a stock like International Avino which is currently producing 1.5M ounces of silver equivalent a year..has 49M ounces of silver in all categories (with approx 4M tons grading 4 ounces silver + gold and copper credits currently being mined). When/if silver moves higher...production will increase. Also they just acquired a new silver mine in Mexico and reopening the Bralorne gold mine in BC.. All this for a market cap of $13-$14M or less than UKH.

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