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

To: mineman who wrote (832)	3/26/1998 12:49:00 PM
From: Eric Freeman	Read Replies (1) \| Respond to of 1706

My price target is $4 Canadian, minimum. Based on a gold price moving up to $325 range.(All other things being equal) If it moves up to $400 then I would expect this stock to move into $6 to $8 range. It depends on psychology of market. IF gold were to make large move - I expect to see the exact opposite happen to gold stocks with respect to market psychology. IE will get euphoric as against strong negative sentiment over last year. You could easily see over valuations in that case. And this is very possible when you look at how much potential cash might want to move into the very few real gold properties available. Who would know then? But it could make some of us very big returns. Maybe in the $10 to $20 range or even more? You just cannot say when gold markets turn. I have seen it before. So that is why RYO looks good to me. Little downside, but a real big potential win. Watch it(XAU) carefully if you want to make big bucks over the next year. Eric