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

To: Claude Cormier who wrote (1203)	1/26/2001 12:18:22 AM
From: James N. Wilson	Respond to of 1907

<IMO, one of the best project around> Spectacular results! Hopefully more near surface bonanza gold lies ahead. Will be readying my shovel. <g> james

To: Claude Cormier who wrote (1203)	1/27/2001 1:23:02 AM
From: marynell	Read Replies (3) \| Respond to of 1907

Here is the email that was sent out by Jeff Howard of Global Resources, which is probably the most knowledgable broker for the junior exploration companies: Subject: Market Commentary - Francisco Gold Date: Fri, 26 Jan 2001 15:34:33 -0800 From: Jeff Howard <jeffhoward@gril.net> To: Mary Goddard <mg@gril.net> CC: Legal Outgoing <LegalOutgoing@gril.net> Market Commentary January 26, 2001 Francisco Gold Corp (FGX.V:CAN$5.00) This commentary is being directed to clients of Jeff Howard who own Francisco Gold Corp. Today we received more good news from what admittedly is my favorite junior gold company. This morning, Francisco released assays from 10 additional holes drilled on its Marlin property located in northwestern Guatemala. As reported last October, the initial 14 holes identified a high-grade zone at the surface of the ridge and a second, lower grade zone below it. Beginning with hole #1, that drilling progressed in an easterly direction along the top of the ridge. The most recent drilling was conducted to the west, southwest, and south of hole #1. Each of the ten new holes encountered the high-grade mineralized zone previously seen in the first round of drilling. On average, grades and intercepts were much better than those of the first 14 holes. We need to do further technical evaluation, but it appears to us that drilling to date at Marlin has defined a resource of about 750,000 ounces of gold equivalent. Furthermore, this resource on average is of high grade and resides right at the surface of the ridge, meaning that mining costs ought to be extremely low due to minimal stripping and easy access. In addition, the mineralized zone remains open in three directions and other surface showings in the immediate vicinity suggest that there may be separate but related deposits. The next round of drilling, which should commence in late February, is designed to expand the Main Zone as well as test new showings to the south. Within 45 minutes of the open this morning, Francisco's stock rose from CAN$4.50 to CAN$5.50 per share. Then, at least one institutional shareholder commenced selling through RBC Dominion Securities in Canada and the stock declined to CAN$5.00/share, where it ultimately closed. Francisco has CAN$34 million in cash (CAN$2.00/share), a 1.5 million ounce gold deposit in Mexico that I think is worth about CAN$6.00/share, and this new deposit in Guatemala that I believe is worth another CAN$5.00/share and could get bigger. That's CAN$13.00/share of value and this institution is unloading at CAN$5.00/share. When I see behavior like this, it scares me to think how many people in North America invest their money through mutual funds and pension funds. Selling $13 companies for $5 is not what I consider professional management. It's frustrating for clients who own Francisco to see the company perform well and the stock price to languish. However, in the long run, money is made in the stock market by smart people taking advantage of the "cerebrally impaired". Be smart; stick with Francisco. In my opinion, it's one of the cheapest gold stocks in the market today. Jeff Howard The information set forth herein was obtained from sources which we believe reliable, but we cannot attest to its accuracy. From time to time, this company, it's officers or employee's may have a position in the securities mentioned. Recommendations and market commentary are made as a general review; any specific action in regards to individual purchase, sale or investment is a matter of individual suitability and should be a matter of discussion between client and broker before each and every action is taken. -- James G. Boyd IV Associate Professor Department of Aerospace Engineering 3141 TAMU Texas A&M University College Station, TX 77843-3141 phone: (979) 458-0419 fax: (979) 845-6051 jboyd@aero.tamu.edu aeromaster.tamu.edu