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Gold/Mining/Energy : Royal Oak-RYO

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To: Richard Gibbons who wrote (1060)	7/17/1998 12:47:00 AM
From: Michael Bidder	Read Replies (1) of 1706

Richard, Thankyou for your tolerance. What do you find amusing about the fox guarding the henhouse? I have seen dozens of mining "promotions" fall while the manta cry from management was "all is well!" I think you need to give the readers of this form more credit. Naivety is giving way to a healthy scepticism. Investors will not buy into an investment based on the rosy predictions of management. The method of getting moneys from the B.C. government, although clever, in no way legitimises the economics of Kemess. The engineering firms results could easily reflect the wishes of Royal Oaks management. Anyone within Royal Oak's engineering staff that disagreed with the feasibility study would be encouraged to tow the party line. It is a small community. No one would want to rock the boat that would hinder a large financing, construction project etc. Michael Bidder

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