Francisco Gold - FGX.V Message Board

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Gold/Mining/Energy : Francisco Gold - FGX.V

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To: Elizabeth Andrews who wrote (657)	2/21/2000 11:02:00 PM
From: Claude Cormier	Read Replies (1) of 1907

Eliz, I agree with you, we need to assess the quality of the exploration work done so far. But what is the problem, can't you read that FGX is doing due diligence before completing the deal. Beside, the basis for my interest in Francisco Gold is its $36 millions cash position and its El Sauzal gold property which has been drilled and sampled over the last 3 years with confirmed reserves of 2 millions ounces mineable at a cost of US$75-$100 per ounce. The work there was done by Mine Reserves Associates Inc, M3 Engineering Technology Corp., Metcon Research Inc., both of Tucson, Ariz. and by Chemex Labs of Canada. All 4 companies are very reputable. On these two assets alone, FGX is worth near $12+ with gold $300. Now when they announce a possible major acquisition on which they will carefully complete due diligence before they complete the deal, I can only say.. that this is great let's wait an see what they come up with. If they confirm the numbers than it will be the cherry on the sundae. If not, well we still have an undervalued company with great assets. I have no doubt that Francisco will tell you all you want to know when their work is completed.

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