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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks! -- Ignore unavailable to you. Want to Upgrade?

To: Brian Gerbozy who wrote (634)	12/4/1997 10:46:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 1348

<< "We do not believe gold mining equities have fully discounted the drastic decline in gold price which has already taken place. In addition, we believe there is a real possibility gold could decline even lower." >> It is possible that gold drop lower...who can predict were this carnage will end... the sooner the better. However, I think this guy is wrong about gold stocks...they are fully discounting current gold prices. Examine them one by one, they now sell at unseen bargain prices. Barrick has never sold at this low price of $76 per ppp ounces of gold. Several juniors are selling below book value ...Current prices are much lower than at the 1993 and 1985 lows... I am betting on a strong rebound in January. But as you may know I am betting much more on silver. CC

To: Brian Gerbozy who wrote (634)	12/7/1997 12:36:00 PM
From: Bruce	Read Replies (1) \| Respond to of 1348

Greeting all. A little note on Argentina. Next wensday Argentina has to come up with 300 million dollars to make a payment on aquisitions set to be delivered on Sat. (the third payment in a line of atleast 6 more payments) If they fail to make payment they will not get the first of these items nor will they get the remaining units assembled which are are being prepared to be shipped to Argentina until the money is paid. The money has to come out of other areas since it isn't well known that Argentina bought the whole Aquisition, the people think most of it was given to them as part of a deal to allow American investments in country. Remember about a year a go the government deferred payments to the countries doctors on services that had been performed. Some of the money that they should have gotten was paid to this aquisition.