Franco & Euro Nevada FN , EN Message Board

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Gold/Mining/Energy : Franco & Euro Nevada FN , EN

FN 503.99

+13.8%

Feb 6 9:30 AM EST

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To: Bernie Koppenhofer who wrote (10)	5/13/1997 9:19:00 PM
From: Dave Johnson	of 658

I believe the Gold stocks HAVE blown off. Good God the XAU was down to 90. It hasnt been there since 92. So there is little risk. Gold appears to be starting to at least base here and rise a bit due to dollar weakness. AND US stocks are on their way to 8000! I think they will fall (crash) by Aug/Sept - Just like in 1987. Until then you gotta go for the gold! PEs on gold stocks are always high. FN is relatively compared to all the other majors. This is easily a $100-$125 stock by next year. In any case with a 5% dividend its worth the wait.

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