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To: Mad2 who wrote (64927)	3/3/2001 7:41:28 PM
From: Rustee	Respond to of 116753

Do you have any information on the FCX.B preferred shares? My understanding is they pay a 4.83 dividend and the shares are convertible to cash in August 2003 at 10% of the price of an ounce of gold. Current price is around $20.00 and with the price of gold at $260 that would mean a $6.00/share gain (30%) over the next 18 months plus the 4.83% dividend even if gold doesn't increase from here. Very thinly traded. Help me out - what am I missing? Thanks, R PS I realize the figures are approximate.

To: Mad2 who wrote (64927)	3/3/2001 7:41:49 PM
From: Rustee	Respond to of 116753

Do you have any information on the FCX.B preferred shares? My understanding is they pay a 4.83 dividend and the shares are convertible to cash in August 2003 at 10% of the price of an ounce of gold. Current price is around $20.00 and with the price of gold at $260 that would mean a $6.00/share gain (30%) over the next 18 months plus the 4.83% dividend even if gold doesn't increase from here. Very thinly traded. Help me out - what am I missing? Thanks, R

To: Mad2 who wrote (64927)	3/3/2001 7:41:56 PM
From: Rustee	Read Replies (1) \| Respond to of 116753

Do you have any information on the FCX.B preferred shares? My undrstanding is they pay a 4.83 dividend and the shares are convertable to cash in August 2003 at 10% of the price of an ounce of gold. Current price is around $20.00 and with the price of gold at $260 that would mean a $6.00/share gain (30%) over the next 18 months plus the 4.83% dividend even if gold doesn't increase from here. Very thinly traded. Help me out - what am I missing? Thanks, R