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

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To: philv who wrote (735)5/1/2000 9:56:00 PM
From: russwinter  Read Replies (2) of 1907
 
It's considered a small cap stock, and few institutions will bother. It is also a difficult stock to get into even for substantial individual investors. The payoff will come when 1. There is a buy out or offer(s) from one or more majors. or 2. There is a meaningful transaction involving another quality junior deposit (say a Madison, Pangea, Corner Bay or a Great Basin) that rejuvenates the advanced stage deposit sector. or 3. There is a generalized advance in POG that translates into a rerating of the juniors.

Although I am certainly interested in the Marlin deposit, my guess is that results there, no matter how good, will be largely ignored until the three factors mentioned above transpire. Just the same the risk-reward in my mind is excellent.
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