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Gold/Mining/Energy : United Tex-Sol Mines (ASE:UTX.A) -- Ignore unavailable to you. Want to Upgrade?

To: Alastair who wrote (221)11/20/1999 10:34:00 AM
From: Stan Treacher  Read Replies (1) | Respond to of 527
 
I very recently had a conversation with an officer of another more prolific mining company on the value of UTX. He has looked into the matter enough to say that he calculates the numbers to about .65 a share at this time.

The website has not been updated since last year. The 360,000 ozs proven are from before this drill program.
The company has drilled 15,000 meters (not all assays complete yet) of the 20,000 meters of drilling this year.



To: Alastair who wrote (221)11/22/1999 12:22:00 PM
From: SwampDogg  Read Replies (1) | Respond to of 527
 
I was reviewing things on the weekend and your #s are bang on as far as I can see. From today's price (say $0.20) there is a 40% return based on what they found even before this drilling program started.
The other thing to think about is why would K continue the program if they were not very encouraged with what they were finding? IMO...this is a conservative triple from here.


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