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Gold/Mining/Energy : Franco & Euro Nevada FN , EN
FN 504.06+13.9%Feb 6 3:59 PM EST
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To: Bearcatbob who wrote (405)3/8/1999 5:23:00 PM
From: Traveling Man  Read Replies (1) of 658
 
BBOB,

Correct. However, there are costs on top of that figure that I can't delineate right now that are sort of significant. I've seen 2 seperate figures on jrs. per oz. costs,one was lower and one higher(probably adding in administrative overhead,etc.) Still, even profitably mining at today's price, they are selling an asset significantly below it's 20 year average. I don't think they will rush to increase output at today's values. Remember that FN/EN are going to split the revenue 50-50.

TM
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