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Gold/Mining/Energy : Royal Oak-RYO

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To: Al Cern who wrote (947)4/24/1998 4:50:00 AM
From: Thomas P. Talbot  Read Replies (1) of 1706
 
Al if your correct, why did they undertake this project? I believe there is 470 C$ million in the project plus a 202 C$ million purchase price. How can it be worth only 200 million US when the investment is 480 million US. Do not forget depreciation and reclamation etcetera are non cash flow items. The real value is in the cash flow which based on your numbers would be pretty good.
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