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Gold/Mining/Energy : Franco-Nevada (FN - TSE) - zero debt, cash rich royalty co. -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (300)	6/16/2000 8:18:00 AM
From: Robert Dirks	Respond to of 511

I just think that prior to this merger, FN was a super safe place to park money in a cash rich co. with participation in Oil and Gold increases. They have 750M USD and $90 Gold production, no debt, a low p/e and good dividend. To my knowledge there is no longer any such company in exsistance. If you believe Gold will shoot to 400. in the near term, then FN is probably at least a double from here, but then so are most of the other good Gold co's. If Gold goes back to it's old ways and drifts to 250. FN will be under big pressure with its expensive mines in SA. If the black thing breaks out in SA, FN will sink no matter where the POG is. The GF sharesholders are lucky as they will have FN's good assets to fall back on now. Also I think GF will use the 750M cash to upgrade the mines in SA, which will be toast if the turmoil breaks out. The other thing I heard is the average ounce in SA is now produced @ 3 miles underground now - how deep will they have to go to get out all these so called reserves??? FN should have paid this out as a special dividend before the merger - if GF is so great and produces so much Gold??? Too many If's for me. Go BKP and ELH........