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

To: Martin Bublitz who wrote (1051)7/15/1998 1:31:00 AM
From: Michael Bidder  Respond to of 1706
 
Interest payments $103,000 per day! Care and maintenance of $250,000 month or $8,000 per day.

This assumes that the operations of Kemess, Giant and Pamour are all at break even.

My contacts tell me that Kemess is break even at not less than $350 gold and $0.80 cent copper.

I am being very generous when I give a $110,000 per day loss. I am sure it is higher. Good luck to you.

Michael Bidder


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