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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: re3 who wrote (658)	4/2/2001 6:11:08 PM
From: russwinter	of 4051

We should hope that FN's emergence as a major shareholder and possibly future deal and development backer suggests a change in NDY's corporate culture. If they signal a new hedging regime that could have very bullish ramifications. Other mining outfits are going to have to wake from their slumber if NDY and FN start setting the pace on consolidations and buyouts. FN is a unabashed gold bull and has US 3/4 billion in cash and no debt on hand. That financial strength makes the two together pretty formidable. They have clearly fired off a first volley with this deal. It will be interesting to see if FN's next round is alone or with NDY? Potential targets: TVX (NDY has stake and partnership already and company is through, needs to be sold), Great Basin (FN deal), and Minefinders (FN stake, NDY-like project). We should get more clues at the conference calls tomorrow.

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