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

To: Al Cern who wrote (956)	4/27/1998 10:09:00 PM
From: JCgold3	Read Replies (3) \| Respond to of 1706

Rumor has it that Kemess may have gone on line this past weekend. Has anyone talked to Graham Eacott today to get confirmation? Is an announcement being withheld until some initial results can be announced or will it be tied to a financing or other type of announcement? I suspect that we're approaching closure on Kemess being operational. We'll also start to get some leaks and PR on initial results. With the opening, RYO gets their CU concentrate payment and they are also due to get their insurance settlement and equipment lease buyback money all of which add up to approx. $20 million. Not much, but every $ helps given RYO's finances. I also read that Trilon gave RYO money secured by RYO equipment to get Kemess operational while awaiting Sr. secured debtholder approval of the new loan. The light has appeared at the end of the tunnel. IMHO it isn't a train. We won't know for sure for quite some time but at least its a sign of progress. Good luck to RYO shareholders!!!