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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: Traveling Man who wrote (331)8/11/2000 1:07:54 AM
From: ddcox1  Read Replies (1) | Respond to of 511
 
Travelling Man:

Your points are all well taken. I guess I do believe with management the price of gold will rise. The current price of gold has put too many mines out of business. As the consolidation process continues over the next year or two the supply/demand situation should improve. This is not even taking account of a US dollar I believe is much too strong. Finally, as you have mentioned this management has done an outstanding job increasing profits and dividends. This may be a new course of action, but they have earned my trust. I know thoughtful and careful planning went into this merger and I have no doubt the stock will continue to do well in the long run.