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

To: Al Cern who wrote (866)	3/29/1998 1:04:00 PM
From: Harlan Huber	Respond to of 1706

The Professional Tape Reader has now declared that the bear market in gold is over and is recommending mining shares. I got this information from their hot line, but I didn't listen long enough to find out which mining shares they are recommending. Besides RYO, can someone give me the names of some good mining companies to buy, say some under $10, and some under $20. Thanks, Harlan.

To: Al Cern who wrote (866)	3/29/1998 1:08:00 PM
From: Thomas P. Talbot	Read Replies (2) \| Respond to of 1706

Using your numbers right now the co covers the debt 36m to 34m just on Kemess. With an increase of 100 there would be an extra 34 million. Further, at 400 their reserves would double as the other mines became economical thus the real increase in revenue and asset values would create a boom. It was my understanding that for every 10 dollar move in gold there was 9 bucks in cash flow either way. The bottom line is that the assets of the company support a refi. However, a move up in gold would be most helpful. I agree the stk stays around here until a clear Kemess picture or gold rises. Peggy did not want to give up equity or assets that will only be done as a last resort. Regards