Franco & Euro Nevada FN , EN Message Board

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Gold/Mining/Energy : Franco & Euro Nevada FN , EN

FN 489.44

-1.4%

Jan 30 9:30 AM EST

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To: Ronald Tammekand who wrote (314)	10/2/1998 10:08:00 AM
From: Claude Cormier	Read Replies (1) of 658

<<The only thing that I don't like in their portfolio is Cerro San Pedro in Mexico, which is a turd.>> Although the gold grade is low, the silver content brings up the value of this property. What do you think of the feasibility study at US$169 cost/ounce. Also, I think Cambior is after a much bigger target than these 50M tons of oxides. The potential for sulpides resources several times this size underneath the oxides is probably why CBJ is in. They have the long term in vue. MR is certainly not the best short/medium gold play. I prefer the Viceroy, Glamis&Mar-West and GEO....but it is a very valid play for the long term. That is why Franco is in.

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