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Gold/Mining/Energy : ECHARTERS
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To: E. Charters who wrote (1929)12/6/1997 11:45:00 AM
From: CLK  Read Replies (1) of 3744
 
This discussion about INCO raises another question. The head of Incos overseas exploration division just left to head FNX.T which has as one of its main draws the fact that Inco owns 25% of the stock. SO if Inco will be strong, FNX should eventually end up with a cast off project of some merit for a junior but if INCO really ends up weak, then one wonders if FNX will really benefit much. Are you favorable or unfavorable towards FNX? Do you think INCO will be strong or weak? The bottom line of this question is whether you think FNX is a good speculation in the .50-.65 cdn range. They have .50 cdn in cash so I figure it is probably a decent bottom fish there at the least?
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