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Gold/Mining/Energy : Royal Oak-RYO

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To: Michael Bidder who wrote (1573)	12/21/1998 9:27:00 PM
From: Bill Jackson	Read Replies (1) of 1706

Michael, there seems to be a consensus, reflected in the share price, that agrees with you. Copper nears 80 cents and gold falls some more. Doom and gloom in Peggytown. 2 cents is right unless some kind of white Knight/predator arrives. Barrick could snap up that tasty little nibble from cash on hand and the SH might just agree. Newmont/Placer Dome/etc? can do it too, if they feel the asset has values. I suspect that is why there is no more news about reserve increases from Kemiss, any leak about full extent will draw the wolves. Bill

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