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

To: Elizabeth Andrews who wrote (1172)	12/22/2000 1:13:52 PM
From: Eva	Read Replies (1) \| Respond to of 1907

AHHHHHHH, delightful, perseverance pays off !!

To: Elizabeth Andrews who wrote (1172)	12/22/2000 2:32:58 PM
From: Claude Cormier	Respond to of 1907

<One of the problems here is unusual as it is rarely encountered in a speculative stock. Management already has lot's of money personally and they don't have to do anything until what they think is the right deal. > I totally agree with you here. Rumors are that discussion on El Sauzal aborted because FGX was asking for too much. RR told me many times that he was not in a hurry to sell and they would get their price. FGX knows that there is 3M ounces at El Sauzal. Only 2M is proven by drilling. The remaining is still inferred. I once asked why not drilling further... They said... why spending money on what we know is there. This is a situation I can live with..knowing that there is very little long term risk in the stock. They are almost living on the interest earned on their $34 millions... so they can go a long time with it. Marlin can make a big difference and may cause a takeover bid by a major, unlike El Sauzal.