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

To: Michael Bidder who wrote (1440)	10/16/1998 11:36:00 AM
From: Karen E Hoof	Read Replies (1) \| Respond to of 1706

Michael...I agree on the February 11.6 Mil due in Feb.... But the fact that it is up and running may as Peggy has stated, she may be able to get other backing and refi Tricon. The fact that the spot gold price is holding above the $292.00 area is also good...although copper is low.... I have wondered if we have a price on the copper, like .76/lb with the buyers and the gold floats on the spot market....since this is essentially a copper mining operation.... I am using the figures that have been mentioned in the news releases, and the 292 (POG) is from my phone conversation w/ Eacott in July of this year.....His comments led me to believe that the 292/oz was an important factor on cash flow for the February payment....karen