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Gold/Mining/Energy : Franco & Euro Nevada FN , EN
FN 495.88-1.0%3:59 PM EST

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To: Ronald Tammekand who wrote (341)11/17/1998 7:25:00 PM
From: Traveling Man  Read Replies (2) of 658
 
Ronald,

No. These 2 royalties are strictly FN. The Inco royalty,IMO,will be many years before paying off,but I guarantee you that it will be a nice consistent reward for FN's patience and timing. In the short run, I think EN will do better because the Midas mine will add more to their bottom line % wise,but in the long run I like FN's commodity diversification. A patient man can't go wrong with either,IMO or do much better.

TM
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