Franco-Nevada (FN - TSE) - zero debt, cash rich royalty co. Message Board

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Gold/Mining/Energy : Franco-Nevada (FN - TSE) - zero debt, cash rich royalty co.

FN 442.70

+4.6%

Feb 5 4:00 PM EST

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To: Traveling Man who wrote (327)	8/5/2000 12:58:44 AM
From: ddcox1	Read Replies (1) of 511

Travelling Man: Excellent point about FN being mainly a growth stock. Take away any large increase in bullion price and you still have a company with considerable growth plans for the future. Besides Goldfields, I am really encouraged by management's intention to use their cash to buy distressed mines during this period of low prices. They should be able to pick up some outstanding bargains. As for the price of bullion, I think it may gradually rise as more and more mines go out of business. I am not suggesting 700, but 350 I think is a reasonable expectation over the next couple of years. If Im right FN will do very well indeed.

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