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

To: Michael Bidder who wrote (1397)	9/28/1998 4:25:00 PM
From: Gabe Heti	Read Replies (1) \| Respond to of 1706

You might want to lighten up on your position too. Gold could make a major move soon and if Kemess news is only neutral we could easily see $3.00 in the next couple of months. Just my opinion. Check out the Globe and Mail article. It speaks of 250,000 ounces per year a cash cost of $75 or so taking into account the profits from copper sales. That's a net return of over $60 million per year at current prices. The $125 million loan can easily be repaid in a few short years. According to the Globe and Mail the lenders would want to give Royal Oak every chance to succeed. Try to be a little more balanced. Gabe