Franco & Euro Nevada FN , EN Message Board

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

FN 466.47

-0.8%

Jan 23 3:59 PM EST

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To: Traveling Man who wrote (392)	3/6/1999 9:57:00 AM
From: Joe Bilich	Read Replies (1) of 658

I have followed FN and EN for quite a while, owning EN a couple times for very nice results. FN has bought some fairly major royalty acquisitiions lately (i.e. VBN, SWC, Aber). Given FN's diversified mission, it could cherry pick what it wanted from various industries. EN has a similar pile of cash and has been talking more royalty acquisitions but hasn't pulled the trigger. With a gold-only focus they have less to choose from. Anyone care to speculate on where EN might use this cash? What's out there that would be big enough, and have a low cost structure, and be in or near to production, among gold properties that EN would want a piece of? What can they buy that would become their keystone royalty property of the future?

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