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


To: Buckey who wrote (406)9/26/2000 7:01:04 PM
From: Stan Treacher  Read Replies (1) | Respond to of 527
 
I am of the opinion that the National Bank selling is out of Ontario and the Yorkton buying is out of Calgary.
I am also of the opinion that the continued drilling at Clavos by Kin Ross shows the value in the property. Kin- Ross is in the Hard Knocks Cafe and would not spend cash on drilling without good reason. The Clavos property has 1,000,000 high grade proven ounces ( not counting the million ounces of a lesser grade) which K needs to cut production costs in the Timmons area. It is also quite well known that Placer Dome is looking for High Grade deposits in the same area. If K does not fullfill it's side of the contract then "Knock, Knock, Hello Placer Dome"

Then one must consider that the more drilling Kin-Ross does ( $1,000,000 over the next 95 days and $2,000,000 next year is the contract) the more it will cost them. It only stands to reason they must start negotiating a buyout and the sooner the better.

When reading the above remember that I hold a large position and therefore one should double-check all that I say.