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 (8)	3/5/1997 12:12:00 AM
From: Claude Cormier	of 1348

Brian, Well look at these press release...It seems to me that they have been looking for $$ for near a year now...to now avail.. 19970113 - Financial adviser retained 19961217 - Offering indefinitely delayed 19961017 - $17.5m financing proposed 19960709 - In the News Globe says United Keno looking for ways to raise money 48M ounces of silver is roughly worth $240M at $5/ounces... Not huge but still a good value... A stock onwing such a deposit would be valued roughly at a market cap of 12-15% this amount or $30-35M. With 15M shares out that is $2-$2.30 for UKH. Howeevr the needed fincnacing might bring additional shares on the market... So the value per share could diminish...unless they can get a loan. Of course, any additional discovery would change the picture. Compare that to the International Avino numbers...and you may find out that IVV is possibly a much better deal. I am not arguing here...just questioning.. Of course if silver prices move to $10....than its a new ball game for UKH and IVV. CC

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