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

To: wrm1 who wrote (1124)	7/28/1998 9:38:00 PM
From: Mike K	Read Replies (1) \| Respond to of 1706

Lending institutions may not want to operate businesses, but they do it all the time. In the case of Kemess, couldn't Trilon call another member of the Edper-Brascan group - i.e. Noranda. They are still in the gold and copper business.........

To: wrm1 who wrote (1124)	7/29/1998 1:50:00 AM
From: Mike G	Read Replies (2) \| Respond to of 1706

I saw an interesting post on another thread. With the Canadian dollar dropping, a new record low again today, this does have some positives. RYO expenses are paid in Canadian Dollars. Wages for workers are in Canadian dollars. .60 cdn dollar means gold value in Cdn dollars is 1.66x290=481.40 cdn. .66 cdn dollar means gold value in Cdn dollars is 1.51x290=437.90 cdn. .72 cdn dollar means gold value in Cdn dollars is 1.38x290=400.90 cdn. If the dollar drops to .55, and the price of gold stays, or goes up, RYO will meet expenses very easily. The Americas Gold/ANZ property in the toodogone area by Kemess is heating up, phase 2 of 3 is started, and I would be very surprised if Kemess isn't uses to process the material from AGC. IMO Mike G