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Gold/Mining/Energy : Holmer Gold Mines -- Ignore unavailable to you. Want to Upgrade?

To: lorne who wrote (687)	10/1/1999 2:29:00 PM
From: Hans Nonchen	Read Replies (1) \| Respond to of 739

Hi Lorne, the current market cap for Holmer is ~4.75 million. They have proven reserves in Timmins of 500,000 oz. If we assume that all other properties (including the silver mine in Cuba) are worth $0.00, it translates to approx. $9.50 per oz. in the ground. Is this the average price that values of mining co's are calculated by? If not, what would be a fair value? Hans

To: lorne who wrote (687)	10/4/1999 10:31:00 PM
From: banco$	Read Replies (1) \| Respond to of 739

"US, Cuba Trade Show Plans Finalized" First American show in 4 decades. Helms-Burton does not directly affect Holmer Gold but sentiment does so this type of news should be helpful to those looking at Holmer's Cuba operations. Trade show news item follows: US, Cuba Trade Show Plans Finalized By ANITA SNOW Associated Press Writer Friday October 1 HAVANA (AP) - The first American trade show in communist Cuba in nearly four decades will be held in Havana in January, according to a U.S. businessman who finalized the plans this week. The show, approved both by the U.S. and Cuban governments, is the latest in a series of small steps made in U.S.-Cuban relations since the beginning of the year. ''We are all very excited about this,'' said Peter W. Nathan, president of PWN Exhibicion LLC, the Westport, Conn.-based company organizing the show. ''This will allow American exhibitors to introduce their products to the Cuban community and hopefully make contacts to sell in the future,'' Nathan said of the event, called the U.S. Healthcare Exhibition. Nathan spoke after meeting Thursday with Cuban officials. He was scheduled to head back to the United States on Saturday. The U.S. trade embargo against Cuba, in effect since the early 1960s, remains unchanged. But the American government has increasingly been granting individual companies licenses to sell medicine and healthcare products to Cuba, business experts say. The trade show will be the largest group of U.S. companies ever granted a license to promote their products on the island nation, they say. Nathan said agribusiness giant Archer Daniels Midland Co. had already signed on as a vitamin and food sponsor. He expects as many as 75 other American companies will participate - displaying their laboratory equipment, medicine, medical devices and informational materials. As for the hassles involved in trying to set up an American trade show in a communist nation, Nathan already has experience: He previously organized the first trade shows for American companies held in China and in the former Soviet Union. ''This will be a substantial event,'' said Jon Kavulich, director of the U.S.-Cuba Trade and Economic Council, an educational organization that helped Nathan get the necessary approvals. He said the last such U.S. trade show on the island was held in 1960 for American travel agents. dailynews.yahoo.com