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Gold/Mining/Energy : Royal Oak-RYO

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To: roger fontaine who wrote (560)	7/15/1998 2:14:00 PM
From: Michael Bidder	Read Replies (1) of 1706

Roger Fontaine <<<You posted inaccurate facts about RYO also regarding the cost per oz. of gold at Kemess.My question to you is, did you do your math before posting your comments.If RYO figures are correct regaring grade,milling,mining and smelter costs then the price per oz. is appr. $189/oz.I restate that IF their figures are correct.For now, we have to assume they are,there is no way of saying otherwise till production starts.>>> Yes I made an error in regarding the cost per oz. at Kemess and I retracted it. Do you have any opinions now on the costs Per oz. at Kemess or are you waiting for the final numbers? Michael Bidder

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