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

To: scott who wrote (965)	5/6/1998 3:48:00 PM
From: Michael Bidder	Respond to of 1706

Yes scott and furthermore......... Let me Repeat myself on Kemess! A friend of a friend: "With gold at $350 and Copper at $1 the numbers do not work." Look at Kemess in context. 1) Royal Oak was in desperate need of a project. 2) The price of Gold was over $400. 3) The government of B.C. was manipulated into a financial commitment without which not even the underwriters would have been sold. Pegasus; a template for disaster. Pegasus was initially bidding against Royal Oak on Kemess before they dropped out in favor of Mount Todd. Mount Todd was such a disaster it broke the company. Have a nice day, Michael Bidder