Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Royal Oak-RYO -- Ignore unavailable to you. Want to Upgrade?

To: Bill Jackson who wrote (546)	12/10/1997 1:29:00 PM
From: Michael Bidder	Read Replies (2) \| Respond to of 1706

Kemess's total mining cost per oz will be at least 360/oz. Anyone saying differently is lying or hasn't done the math. This is because the grade is so low. Under 1 gm per ton Au. Recovery is 75 %. Coppers world price is under sever pressure at .80 cents. The 40 million necessary to finance the completion of Kemess will not be forthcoming. This is logical dog eat dog business. Who would pay 40 mill when they could wait for bankruptcy and get all at .10 cents/$.This also has the benefit of unencombering Kemess from a 125 mill environmental liability that Royal has at the Giant mine. Which incidentally needs 400 $ gold to be in the black.Be careful. If you factor the high mill cost of over 400 mill then this whole project takes on a new look. Do your own math befor you invest !