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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Ptaskmaster who wrote ()	2/4/2000 6:42:00 PM
From: Claude Cormier	Read Replies (2) of 4051

Another great story: Francisco Gold (FGX.V, $C6.10) -15M shares out for a market cap of C$80 - cash of $36M, no debt - a suit of properties in Mexico including El Sauzal which has a resource of almost 3 millions ounces with already 1.7 millions ounces proven that can be produced at a cost of $US75. Currently value by the market at $US$17/ounce. The proper valuation should certainly be closer to US$50-US$60 at minimum. - is currently on the acquisition trail for a new very promising exploration property - is also searching for a buyer that will take El Sauzal into production.

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