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Gold/Mining/Energy : Royal Oak-RYO

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To: Elizabeth Andrews who wrote (1097)	7/24/1998 12:36:00 AM
From: Michael Bidder	Read Replies (2) of 1706

Elizabeth, Where were you wrong? Your belief that Royal Oak's properties can support the interest payments. It is interesting that you have such negative opinions of management yet you trust their numbers. I trust my connections that indicate to me that Kemess is uneconomic at $350 gold and $1 cu. Trillon must be gambling on a pop in commodity prices. We are forced by circumstance to let the passage of time be the final judge. Thankyou again. MB, Less dogmatic and more objective.

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