Franco & Euro Nevada FN , EN Message Board

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

FN 495.88

-1.0%

Jan 29 3:59 PM EST

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To: Traveling Man who wrote (339)	11/16/1998 5:36:00 PM
From: Traveling Man	Read Replies (1) of 658

Gentlemen, Another excellent quarterly report. Earnings and revenue were down for FN,but everything else is looking nice for the future and even the cash flows should pick up in a quarter or 2.Ken Snyder mine continues towards production first quarter 99. There was more to the earlier announced deal with Romarco to acquire 325 acres adjacent to Midas properties. It already has 500K oz. Au delineated,but the reason for the transaction is it gives FN underground access to extend their resources dramatically at a reasonably low cost.The Stillwater royalty is going to become a blockbuster,next to Goldstrike. They are to triple output in the next 3 years. Plus they have the new asset of nickel from Inco. Each of these fit their old strategy of buying low and selling high. It will take some years to realize the Inco profits beyond dividends,but when it comes it will last a long time. They are patiently picking up assets for little while the market is giving them away. TM

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