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

To: Michael Bidder who wrote (732)	3/15/1998 8:40:00 PM
From: JCgold3	Respond to of 1706

Michael, I would disagree that you can conclude that the price received is less favorable than the price appearing in the press releases. Confidential means confidential and to use prices other than a reasonable price based on current prices could compromise that confidentiality. In addition, the current price of 82.8 is a nice rebound from the 67/68 cents that copper fell to earlier this year. Also, most copper analysts would tell you that the $1.00 figure is certainly nearer to historical and future expectations than the 67/68 or the current 82.8. Analysts are predicting a continuation of copper's rally.