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

To: Donald McRobb who wrote (566)	12/13/1997 7:26:00 AM
From: David R. Schaller	Read Replies (1) \| Respond to of 1706

Donald, I wonder if the $.04 anticipates the coming on line of Kemess mine. I suspect not, since the economics of RYO will be as dependent on the price of copper as it will be of gold. To me it reinforces my belief that, if you want to be in the PM market, the place to be is with the cash rich junior exploration companies. Some of them are trading at or near cash value. They also can make excellent takeover or merger targets. Still a scary scenario. Dave