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Gold/Mining/Energy : Franco-Nevada (FN - TSE) - zero debt, cash rich royalty co.
FN 438.00-1.3%Oct 30 5:00 PM EST

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To: re3 who wrote (446)8/17/2001 11:45:01 AM
From: I_C_Deadpeople  Read Replies (1) of 511
 
There is about $6/share of cash and a small annual dividend, which leaves $14 or so per share. Based on .64 annual income, this is a PE of 22 or so.

I do not think that the price will go anywhere from here until Gold moves. The upside is only as good as the potential upside on POG. That is nothing new to anyone here.

All of my FN is under $15 cost so I am happy with the price where it is relative to the POG.
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