Northgate NGX on NYSE Message Board

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Gold/Mining/Energy : Northgate NGX on NYSE

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To: CLK who wrote (46)	4/3/1999 1:35:00 PM
From: RON BARNES	Read Replies (1) of 89

If Royal Oak spent that much money to get Kemess up and running which right now is in question of, the running part that is , and Trilon/Northgate would loan that much money to Royal Oak in demand of first charge on the mine, and keep in mind that Trilon/Northgate have been in this business for a long time, then I think that Kemess is going to do quite well for Trilon/Northgate and they will either sell the mine for the loan amount and then some + a percentage of royalties which is the way they do it most cases, or they keep it and run it themselves which they are quite capable of doing , and wait for an increase in the commodity prices, God willing!!!!! In any case this has truly been quite entertaining to watch the process unfold!! Good Luck To All Patient Investors! Ron B.

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