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

To: Lightning who wrote (607)	12/19/1997 5:51:00 PM
From: Thomas P. Talbot	Respond to of 1706

Thanks, I corrected myself in a later post. At the end of the day we now have to depend on the price of gold and copper. If we are at a bottom in gold then everything will be ok. IF we STAY down here then it will be nip and tuck for alot of the players. I think we are within a year of a good turn in gold given the current situation. In all probability, if you look at it, it should be bondholders in non prcious metals related entities who have the most risk. Other RYO mines can remain ok for awhile at these prices. At 320 they are profitable sans Kemess. In fact the price of gold is close to the companies own fundamentals in importance.