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Gold/Mining/Energy : Royal Oak-RYO

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To: Mike G who wrote (1030)	6/28/1998 4:14:00 AM
From: Michael Bidder	Read Replies (1) of 1706

Good point about the mill. Maybe someone can make use of it. If the area is prospective some economic grades may be found. I stick around for my own reasons, but I prefer to discuss Royal Oak on this board. 1) Mike do you know if the net smelter Royalty is going to the Trilon boys or the subs? Do you know the terms of the Royalty? ***I am concerned that the $4.59 /ton all in operating cost is way off! If Royal was going to fudge a number this is the one to fudge. As I stated in my last post: For every $1.00 per ton that Royal Oak is out on this figure the loss per day goes up by $42,000! What do you say? Lets stay on it this is starting to get interesting. Michael Bidder

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