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

To: littleguy who wrote (746)3/18/1998 1:51:00 AM
From: Michael Bidder  Read Replies (2) | Respond to of 1706
 
What reasons can you give to support your assertion that Kemess be cash positive.

Please don't quote Royal Oaks numbers. Stick to the basics :

Rock mechanics
Striping ratios
Crushing
Throughput
Metallurgy
Milling
Concentration
Seperation
Flotation

I am unfamiliar with these processes but I understand that to make the argument that Kemess is economic would require them. If you provide an answer I will endeavor to debate it.

My reasons against are:

A) Low Grade
B) Low Commodity prices
C) Rock Hardness
D) Used equipment

Thankyou in advance for your consideration of the issue.

-Respectfully littleguy, Michael Bidder



To: littleguy who wrote (746)3/18/1998 2:15:00 AM
From: Richard Saunders  Respond to of 1706
 
littleguy/ your "3 mil. shares" number is out a bit. Ms. Witte was doing some selling in December (1,266,667 shares according to insider records) and the record indicated she held 1,275,400 common shares and 11,709 in a rrsp. Shares sold were on Dec. 2, 3 & 5 and went out at ($us prices) $1.30, $1.13 and $1.02. 1mil were sold at $1.13 and 216,667 went at $1.30 Current balance of options held isn't listed............ This has all been reported earlier in the media.


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