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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rustee who wrote (64932)	3/3/2001 9:05:17 PM
From: Mad2	Respond to of 116753

Rustee; FCX rep's common clB Fcxa=common cl a, tracks with the common b FCX also has series a,b,c,& d prefered. Cl a pref is the most liquid. I'm not familiar with the conversion and rate, however it appears compelling. FCX has been discounted because of the political situation in Iran Jaya and Indonesia, however this seems to be fading. If you feel copper and gold offer upside potential, greatest opportunity is with the common. FCX is highly leveraged and the common would sport tremendous upside if Cu/Au moved upward. FCX's share of Grasberg mine reserves is; 39bil lbs Cu, 50 mil oz Au, 108 mil oz Ag. Merrill's got FCX target of $19 based on NPV using 9% discount and 3% growth. Regards, mad2