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Gold/Mining/Energy : Cardero CDU, the next Piernia -- Ignore unavailable to you. Want to Upgrade?

To: Quickdraw who wrote (15)	3/8/2000 4:17:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 30

Qd, If you need any help to answer these questions on the Francisco Gold trhead. I'll be there. But just to stimulate your research, Here are 4 facts: 1) FGX has a market cap of $95M, slightly less than PFG. 2) FGX has $C36M ($2.40/share or so) in the bank and no debt 3) FGX has another property El Sauzal, in Mexico, where a geological resource of 3M ounces is defined. Within it, a proven and probable reserves of 1.7M ounces has been drilled and is mineable at an estimated cost of US$85/ounce. This property NAV is estimated at roughly $10/share of FGX. 4) FGX is very low on the promotion side (even if Catherine is on the board of directors) So the Marlin and other Guatemala properties will be a bonus if due diligence confirmed the option.