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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Brumell who wrote (1843)8/14/2001 6:49:26 PM
From: marynell  Read Replies (1) of 4051
 
Francisco Gold Corp. is unusual in that it has huge upside potential with limited downside risk. FGX has c$33 million in cash, about C$2/share, and they have a proven deposit in Mexico that is worth the current price of FGX (with the cash thrown in). I have followed the junior exploration
sector closely for five years (from the boom through the bust), and FGX is one of the few stocks I've seen that I would call an investment, as opposed to a wild-assed speculation. FGX is my largest holding.

One risk to consider: How stable is the mining law in Guatemala?
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