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Gold/Mining/Energy : Royal Oak-RYO
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To: Bill Jackson who wrote (870)3/30/1998 9:06:00 AM
From: mineman  Read Replies (1) of 1706
 
From figures on www.royal-oak-mines.com/kemiss.html. the operation will generate $7.50/ton smelter value and costs are $6.00/ton, so the mine will generate $27 million profit per year, before taxes and capital investment costs, which will not pay the interest on their accumulated dept.

Kemiss is therefore unprofitable at $300/oz gold and $.80/pound copper. Do the dept-holders know this?
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