Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (663)	4/3/2001 8:14:41 AM
From: russwinter	Read Replies (1) \| Respond to of 4051

<Do you think that GLG is a Franco candidate? > Yes, particularly if they were seeking expertise to operate open pit situations. On the otherhand, GLG's deposits are small. Really depends on FN's model. Do they want smaller, short life, but low cost operations? Personally, I think that's about all that's out there. They have a royalty on Cerro San Pedro (GLG & MR), but that's a small deposit as well. Might make sense for them also to inject some capital and talent into SWC to enhance that royalty and get a stake in PGM's. Not too many elephants other than perhaps TVX's Hellas complex, GAB's Rosia Montana or PDG's (?) Las Cristinas. I've picked up scuttlebutt that PDG would sell LC for very little consideration. I'm wondering if that might not be an FN/NDY combined target? Would be a billion dollars project but would open up a enormous new district at KM88. It will also be interesting to see if these majors make any attempt other than just pass old mines around, or create a bunch of crossholdings. Another strategy for FN would be to monetize or close out a big hedge book somewhere. If somebody actually started in on reserve growth via the junior's exploration deposits, I think it will be rushhour as there really aren't that many superlative ones, and won't be as exploration has died. I'd suggest Great Basin's Ivanhoe next to Synder as one.