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Gold/Mining/Energy : Royal Oak-RYO
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To: Madharry who wrote (510)12/4/1997 5:07:00 PM
From: maintenance  Read Replies (2) of 1706
 
I think RYO tend to be optimistic in there projections. SO Kemess may not be $79 cost. With gold where it is high cost producers are in a cash problem. My bet is with Witte, if anyone can pull it off she can. At this point she is the only reason to buy this company. CB's can keep gold down for several years, enough to sink most high cost producers.

Quentin Basset. If they make .33 per share and you discount at 7% they should trade at about $4.5.

Cheers
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