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

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To: Claude Cormier who wrote (662)3/1/2000 12:14:00 AM
From: Elizabeth Andrews  Read Replies (1) of 1907
 
With respect to your comment on PDL, as one of those Canadian derivative economists said "in the long run we are all dead". If I were the owner of the Kaiser position and I was looking for salvation in the short run (theologically, we all know what salvation is in the long run) I would try and find a way to resolve the balance sheet issue and accept equity IF there was a commitment from a lender to finance the expansion. That is the card I would play, but with 500 shares, would they care? Then I would deal with the NSR to what's his name and get on with the promotion.

I'm glad you think FGX is a buy. I have changed my opinion on the El Sauzal prospect because the most recently published mineable resource is not promotional and probably real. The open pit is smaller and more realistic than before.

As you suggest, I believe if the results of the Marlin prospect are confirmed and we can make the usual assumptions about the third dimension then the stock is very undervalued.

What are your thoughts on supergene enrichment here?

The Acquest prospect nearby has attracted a major partner after several questionable drill holes (downdip?). It does appear, however that mineralization does go to depth at Acquest. Why not at Marlin?

Do you think that the zone that has been sampled is a caldera feature or related to thrusting and deformation like Acquest? I value your comments even though I've been a bigger bitch to you than my (past)husband.
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