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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 (332)	8/11/2000 4:48:47 PM
From: Traveling Man	Read Replies (1) \| Respond to of 511

David, I agree POG will increase,but we can't know when. It may still be a few years off,who knows?Of course you're correct in the supply demand curve eventually will prevail here. Basically,I agree FN's management has done an outstanding job over the years. I agree this development was done with thoughtfulness NOW. I didn't originally. I see now that the days of FN's explosive growth are limited due to the POG killing exploration. I guess what I wish I could find out is what type leadership has GF? I wonder if these guys can add value beyond cost savings,such as new exploration,new production,etc. Because FN's growth is not going to be enough to increase GF's shareprice significantly. It is limited now by POG's deleterious effects. It's the best they could I agree. But,I fear we now have a standard AU investment(high quality but dependent on POG like others)dependent on rising POG for investment gains. Didn't use to be that way with FN,it grew by increasing royalty revenues annually. BTW,thanks for your input,I enjoy it. TM