Franco & Euro Nevada FN , EN Message Board

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

FN 466.91

-0.7%

Jan 23 9:30 AM EST

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To: Traveling Man who wrote (378)	2/16/1999 8:19:00 PM
From: Bearcatbob	Read Replies (1) of 658

OK TM, I am home now with a few minutes. Let me address my comment about economic prosperity being now important to FN. First I agree that the investments look good - although I am extremly concerned about the long term viability of the South Aftrican investments. That country still has to demonstrate its viability after Mandela. I suspect it may be very much like Yugoslavia after Tito. I doubt that the Zulus will ever submit to the Xhosas long term. Nickle is an industrial mineral. Even if the Voisey's Bay property is profitable at these prices I doubt that anyone would make the billion dollar type investment in a new property in weak economic times, Similarly we can see what a little economic weakness has done to the price of oil. On the other had EN is very much a pure gold company. I did not buy gold stocks because i thought good times would last forever. I simply do not believe the present bubble is sustainable. Therefore, I want a gold stock to protect my money. It is obvious that the market believes it too. If the good times roll than hell, we can invest in the Dow and we do not need FN. Afterall, as well as FN has done i believe the DOW has done better. It will be interesting to see where FN's money goes next. Bob

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