River Gold Mines LTD <> Traded TOR: ( RIV ) Message Board

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Gold/Mining/Energy : River Gold Mines LTD <> Traded TOR: ( RIV )

RIV 11.73

-0.3%

Dec 9 4:00 PM EST

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To: Robert J Mullenbach who wrote (12)	9/28/1999 10:48:00 AM
From: Jason Marcotte	Read Replies (1) of 16

Wow! What a couple of days for gold bugs. I bought more River yesterday. I was trying to buy last week, but was too busy at work... C'est la Vie. I think it is important to remember that River Gold does not hedge any of its production, so it will feel the beneficial impact of the recent bullion rise more than most other gold companies. In fact Merrill Lynch estimates that River's earnings increase by 10 cents per share for every $50 increase in bullion. I believe that at $300 gold River should once again be a profitable company. In addition the company has indicated that they will continue with the shaft program when gold reaches a sustained price around $300 per oz. Hopefully gold can maintain its current momentum! Jason

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