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Gold/Mining/Energy : Royal Oak-RYO
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To: Al Cern who wrote (752)3/18/1998 10:15:00 AM
From: Bill Jackson  Read Replies (1) of 1706
 
Al, Marginally economic, ie if you control the operation properly you can eke out a small profit at these prices. All waste eliminated and only goal directed tasks.
When price of Gold/Cu go up it will throw off more money depending on the prices.
From what I hear RYO is selecting from among several unattractive vulture funders. They should select a loan with warrants, or share purchase with warrants. It is a pure gamble on gold. Copper is returning as we speak and in 2 months should hit $1.

Bill
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