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


To: David R. Schaller who wrote (728)3/15/1998 7:07:00 PM
From: Michael Bidder  Read Replies (2) | Respond to of 1706
 
RYO is not a takeover candidate.

I speculate that Kemess is uneconomic because of:

1) Grade
2) Current price of gold and copper.
3) Rock Hardness.
4) Built with used equipment. (Prone to Higher maintenance and lower throughput.

My question to you or anyone is;

* DO you think the shareholders, bondholders, banks, contractors and employees have a right to expect estimates and projections that are more accurate than the forward looking statements issued thus far.