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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 (333)	8/13/2000 7:00:59 AM
From: ddcox1	Read Replies (1) \| Respond to of 511

Travelling Man: Im really enjoying our discussion too. You are absolutely right that FN's future is now more reliant on the price of gold. I do however think the rise will occour faster than you think. I must admit I am bear for the overall market. I just cant see companies like Cisco and Nortel selling at such ridiculous pe multiples. Dont get me wrong, these are wonderful companies, its just their stocks are ridiculously overvalued. When the market finally corrects the US dollar will go down (flight of capital) and gold will go up as the new safe haven. As for GF's management, they share a vision with FN of not taking on debt and deversifing globally. Companies plan is 1/3 North America, 1/3 South Africa and l/3 rest of the world.