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Gold/Mining/Energy : DYNATEC CORPORATION (TSE & ME - DY) -- Ignore unavailable to you. Want to Upgrade?

To: MrsNose who wrote (63)	8/6/1998 1:14:00 PM
From: Rich N.	Read Replies (1) \| Respond to of 148

Talked to DY's people today and asked them why Dynatec backed-out of the United Keno project. After Dynatec examined the mill and reviewed drill results they discovered that the project would not be very profitable. United Keno's estimated cost to mine the silver was much lower than what DY believes it would really cost. DY feels the amount of money it would have to invest in the project could be used more effectively. They believe there are more profitable projects to invest in, and they are currently examining several. They said DY was not prepared to invest in a project unless it was sure it was in its best interest. Therefore DY killed the deal ! Lets see what's next !!!