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Gold/Mining/Energy : Royal Oak-RYO

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To: Michael Bidder who wrote (828)	3/26/1998 11:52:00 AM
From: Eric Freeman	of 1706

I have not seen earnings - however a little logic here might be in order. First they will not look good, but second, we all know that. Anyone into this situation is only looking forward. Do you suppose the lenders have not looked at the current situation? It has all been discounted already. When the gold price takes off - no one will give a thought to what has gone on over the past few years. This has to be the best deal in gold mines right now - if you see higher metals prices coming - which I do. Eric

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