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Gold/Mining/Energy : Francisco Gold - FGX.V -- Ignore unavailable to you. Want to Upgrade?

To: Frankly Speaking who wrote (991)	10/19/2000 9:40:37 AM
From: que seria	Respond to of 1907

Good news at the wrong time, unless you want to buy. eom

To: Frankly Speaking who wrote (991)	10/19/2000 9:49:43 AM
From: russwinter	Read Replies (1) \| Respond to of 1907

I think we can pop the champagne bottles on this news. These are fantastic initial results on Marlin. Excellent, wide grades right at surface, and fantastic recovery rates. We will need more drilling to prove up a "threshold" size deposit, but it looks like they have a half million or so low cost ounces right off the bat.

To: Frankly Speaking who wrote (991)	10/19/2000 10:43:21 AM
From: Elizabeth Andrews	Read Replies (2) \| Respond to of 1907

When it comes to gold deposits, nothing's perfect but this appears to be very close. The size is now the issue. It is probably in the 500,000 ounce class after this first phase of drilling using just the first interval in each hole. The average grade is clearly economic with a very favorable stripping ratio and good metallurgy. Heavens, this is making me hot! The distribution of gold appears also to be good as there is a high-grade zone that can be mined early which achieves faster payback and enhances project economics. The rock appears to be worth US$30+ which will likely be more than twice total costs including depreciation and G&A. My rough calculation suggests a present value of US$3 per share with lots of blue sky. Add this to the cash and El Suzal and the stock may not go down in this very inhospitable market for long positions.