Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Franco & Euro Nevada FN , EN -- Ignore unavailable to you. Want to Upgrade?

To: Steve Joy who wrote (544)	8/14/1999 6:53:00 PM
From: Traveling Man	Respond to of 658

Steve, Glad to hear VB may be on the road to production. This is a gold mine without gold according to FN's literature and they stand to gain from any future discovery of nickel, which they think is likely. To answer your question, FN's "revenue" was split this way for fiscal 99. Mining Royalties=~36 million Oil&Gas Royalties=~11 million Mining operations(From the new Midas mine 100% owned by FN)=~7 million. Far as Assets go: Mining Royalties=~130 million Mining Ops.=~~88 million Oil&Gas=~60 million Far as 99 investments go: Oil&Gas 4.4 Mil. Aber 41 mil Inco 80 mil Stillwater Palladium royalty 54 mil Midas costs 47 mil. They pointed in the 99 annual that they are in a position to pick up some O&G assets at fire sale prices soon. They may already have done so, that's been a while back. 99 was a great year of very cheap acquisitions which will put them on another 10 year path of excellent revenue growth,when it all comes to fruition. Man, these guys are extremely patient, they have the knack of knowing when things are cheapest. TM