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

To: Al Cern who wrote (843)3/26/1998 6:28:00 PM
From: Bill Jackson  Respond to of 1706
 
Al, A gamble it is, but a reasonable shot. She knows what we do not. I would have thought that equity would be better than debt. However is they hit the ground running at Kemis they may do OK. They can start at a higher grade area if there is one and that will spin more money up front.
The extra $$ might be to get the Timmins super pit going. It also has potential. But cash flow problems shelved it as well. ( gold down was pivotal as well).

Bill


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