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Gold/Mining/Energy : Royal Oak-RYO

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To: Elizabeth Andrews who wrote (1116)	7/27/1998 1:54:00 PM
From: Michael Bidder	Read Replies (1) of 1706

Elizabeth. What is your opinion on the economic viability of the Kemess project? Mine is that with the grade so low there is zero possibility that the mine can turn a profit with gold under $350 and copper under $1.00. This is a speculation on my part. I did not have the laboratories and scientists that Royal Oak hired. I used the rule of thumb method, and a comparison to Pegasus's Mount Todd. Michael Bidder

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