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Gold/Mining/Energy : Royal Oak-RYO
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To: Madharry who wrote (483)11/17/1997 6:52:00 PM
From: maintenance  Read Replies (2) of 1706
 
Hello,

If you look back at RYO's statements you will see that they consistantly overstate future production and understate future costs.
They have usually improved, as they said they would, but not by near as much as they forcast.

So I think that generally people, me included, view RYO's projections in this light. I also seem to remember reading that other majors, can't remember who, had looked at Kemess and abandoned it for being to marginal. At the time POG was around $350 I think, Does anyone else remember this.

I have been following RYO for several years, unfortunately I have been long for a few years too.

Hoping to make some money some day, good luck.
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