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Gold/Mining/Energy : SHOW ME THE MONEY

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To: MICHEL GUIBERT who wrote (17)	4/15/1997 12:31:00 PM
From: MICHEL GUIBERT	of 75

Subject: RICHMONT (T.RIC) \| Previous \| ------ \| Respond \| To: Kevin Kolb (117 ) From: Claude Cormier Apr 15 1997 9:16AM EST Reply #118 of 118 Kevin, I don't have the number on their current cash position...But the last time I checked they had $10M in liquid assets. This year they will be generaqting $15M in cash flows...SO I am not worried about cash. CC RIC has 14.5 mm shares, they produce gold in Canada, Quebec and are now opening a new mine in Nugget pond New Foundland, net operation cost will be 153 an oz. They expect to become a tier2 producer before year 2000, they will produce near 100 000oz in 97, and will make 50cts profit per share in 97. RIC is a very conservative stock, Jean Guy Rivard deliver what he promise. I invite everyone to visit the thread on SI and to read the report on RIC by Claude Cormier on Gold Eagle gold-eagle.com It`s an excellent report who will show you exactly the company. Now the company is looking for some acquisition, and more important they have the money to buy. BTW I am currently owner of RIC and choose RIC for the contest Happy hunting

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