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

To: Michael Bidder who wrote (697)	3/13/1998 7:54:00 AM
From: Bill Jackson	Read Replies (1) \| Respond to of 1706

Michael. Your circle might not actually know what they are talking about. RYO would have fully determined the economics of this combined copper/gold deposit a long time ago, with pessimistic prices for cooper and gold in mind.From what I see it makes money at todays depressed prices, and will become very profitable at Copper $1-1.20 and gold $325+. Is it a copper mine with byproduct gold, or a gold mine with byproduct copper. I would say a copper mine, and copper has intrinsic price stability caused by large industrial useage. Copper will not go below where it is now, and will readily go back to $1-1.20 US$ when Asia settles down again. The company also has good defences against a takeover and I do not think could be bought for $2.25, it would fly above that pn any rumors of a takeover. Bill