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Gold/Mining/Energy : Royal Oak-RYO

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To: Michael Bidder who wrote (1099)	7/24/1998 10:39:00 AM
From: Elizabeth Andrews	Read Replies (3) of 1706

Let's let the next set of financials drive the discussion. You may be right about Kemess. If so, the whole deal is in the soup. Trilon is probably betting that Kemess can support $120 million in debt but nobody knows at this time.

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