Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: littleguy who wrote (764)	3/19/1998 2:38:00 AM
From: Michael Bidder	Read Replies (1) \| Respond to of 1706

When it rains it pours!!! Boy does it pour! There is an 8 pm Rueters news release that states the following about Kemess (what follows is copied directly from this news release): "The company estimates that the Kemess mine contains 250,000 ounces of gold and 60 million pounds of copper." Let me do a little math: 250,000 * 400 = 100M 60,000,000 * 0.9 = 54M This mine will cost $400M with expected revenues of $154M. It appears to be a loser to me based on the latest estimates of reserves published tonight. They should have done a much better job during the feasibility stage and exploration phases. I am totally disgusted with what is going on here. Later RYO: Quote \| Profile \| Research This Is a Reply to: Msg 1 by YahooFinance View Replies to this Message <- Previous Next -> Message 1029 of 1046 Reply messages.yahoo.com@m2.yahoo.com