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Gold/Mining/Energy : Francisco Gold - FGX.V -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (663)	3/1/2000 12:52:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 1907

<< If I were the owner of the Kaiser position and I was looking for salvation in the short run (theologically, we all know what salvation is in the long run) I would try and find a way to resolve the balance sheet issue and accept equity>> I am not sure I would. Kaiser is already well in control with its prefered that can be converted into common. By converting also the debt, they would own 70-75% of the company. Probably not what they want? Or maybe just what they want. Time will tell. <<I have changed my opinion on the El Sauzal prospect >> A good move. <<What are your thoughts on supergene enrichment here?>> Can't tell. I don't know enough about the topography and geology over there. As for the Aquest's Isabella property, I think it is more than 30 km away, if I am not mistaking. So it is probably not comparable. Martin appears to be much higher grade as well. <<Do you think that the zone that has been sampled is a caldera feature or related to thrusting and deformation >> Don't really know. When I called the president to discuss the property, I didnt't get to to discussed geology and topology of the area. I am calling back next week to check how their 2000-3000 meters trenching program is going and I'll ask about these issues. On the other hand, I can tell that infrastructure appears to be excellent. Water and Elctricity not far and the property is very close (25km) from a large city. BTW, Corner Bay is proceeding with its PHASE III drill program and metallurgical tests. Can I encourage you to take also a second look there. You will find out that is is also very much undervalued and will go out at 3 times current price in a couple of months, I think and hope. I would welcome the opportunity to explain why it is also a steal. <<I value your comments even though I've been a bigger bitch to you than my (past)husband. >> I must say that I enjoy having these discussions with you. You know your stuff and I have agreed with many of your comments as well. Unfortunately, as you said, when you decide to bitch, you have some excesses. Life with your past husband must have been tough <g>.