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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: ddcox1 who wrote (330)	8/7/2000 5:03:05 PM
From: Traveling Man	Read Replies (1) \| Respond to of 511

David, Thanks for this input. I have absolutely no knowledge of GF or their previous activities. I'm pretty up on FN and they had a cash cow for about 15 years irregardless of POG because they had such talent at finding deposits and vending them to Barrick and others. The sustained low POG has just stopped exploration for all intents and purposes. I see why FN had to do this. I just wonder if the new entity can make profit gains JUST by being more efficient? Sometime they have to produce more product it seems to me and without POG going up,how can they justify this? I am not being argumentative David,just playing the devil's advocate here. TM