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

To: Brian MacDonald who wrote (692)10/5/1999 1:46:00 PM
From: Hans Nonchen  Read Replies (1) | Respond to of 739
 
Good news (IMO)
Going from a exploration Co. to producer is a huge step for Holmer. This deal beats trying to do it alone. Imagine having to raise capital to build a mine. 60% of a mine with no capital outlay beats 100% of a patch of land. I wouldn't be surprised if they come up with a deal for the Cuban property as well.
Hans



To: Brian MacDonald who wrote (692)10/6/1999 7:25:00 AM
From: lorne  Read Replies (1) | Respond to of 739
 
Hello Brian. I sure hope all this comes about but. " If the feasibility study confirms that an operating profit of at
least $10 per ton can be achieved, ore will be trucked 70 km along
Highway 101 to the St Andrew's wholly owned Stock Mill for
milling, smelting and refining." .........
Does this mean this deal depends on another feasibilty study if so lets hope its a little quicker than the Cuba one. :-)
Take care
Lorne


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