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: Al Cern who wrote (864)	3/29/1998 11:17:00 AM
From: Thomas P. Talbot	Read Replies (1) \| Respond to of 1706

There will be $ from the other mines plus forward selling. The money also could come from the sale of one of the other mines which could bring in 60 million. Further the value of Kemess is over 120 million so any refi is secure regardless of performance. 400 gold would increase cash flow by 75 cents per share 90million$/138 million shares(just on Kemess, do the numbers) putting the company in an extremely strong position. Further all the other properties would increase dramatically in value. The value of the co right now is approx 1.66 times the debt.

To: Al Cern who wrote (864)	4/13/1998 2:07:00 AM
From: Michael Bidder	Read Replies (1) \| Respond to of 1706

Al Cern I am concerned that the last press release my divert investor focus from the real issues; Will Royal Oak be able to close the Financing and MORE IMPORTANTLY if so what is the fiscal situation of the company going forward? My source, as I have stated before, is convinced that Kemess is uneconomic at $350 gold and $1.00 copper. Some of these voices were ignored when the financing was being arranged. One can imagine the compelling reasons to go forward despite the misgivings of certain mining engineers. I have found your posts in the past to be very informative. Would you be able to show the effect of LIBOR + 6% on Royal Oaks survivability? Thanks -Michael