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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC)
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To: Follies who wrote (460)3/27/2002 4:36:17 PM
From: Traveling Man  Read Replies (1) of 587
 
It is weird. I was a long time Franco-Nevada shareholders and converted to NEM in the recent deal. I guess someone could make more in a junior(if it didn't go broke),but of the majors,I am where I want to be.

Why the thread is dead is a mystery to me. Just to help you long term NEM people a little,FN is going to add some nice free cash flow to the bottom line with no liabilities at all,no debt.

I doubt the average NEM shareholder realizes what FN brings to the table. Pure free cash flow with no liabilities because they do not operate mines,they just have royalties on production.

And,with AU finally getting above $300,several mines will be increasing output,which increases cash flow,now to NEM. FN has had a remarkable record of increasing royalties over a 15 year period. When Pierre LaSonnde says gold is in the ground,you can count on it. he's the new NEM president.

TM
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