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Gold/Mining/Energy : Francisco Gold - FGX.V
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To: russwinter who wrote (1750)3/6/2002 9:12:24 AM
From: Claude Cormier  Read Replies (1) of 1907
 
<! I like to think you heard the purchase model first from you know who >

You had it Russ... on the noze.

<The question will be if it's worth just taking the tax free exchange and holding GLG now? >

I think so. GLG is highly leveraged to gold $300++. You know that Imperial project is standing buy. And they have Marigold coming on stream. Cerro San Pedro waiting in line. And they gonna get the goodies in Guatemala. I suspect that they will spend much more than $1 million a year over there. So we will find more Marlins.

And although we don't know what FGX has found in Nicaragua.. I think that this new ExploreCo will be worth quite a bit more than $1.50.

<I don't image there could be a competing bid somewhere?>

Maybe.. Who knows. Other companies have been looking at FGX.. Meridian, Gold Fields..
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