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Gold/Mining/Energy : Franco-Nevada (FN - TSE) - zero debt, cash rich royalty co. -- Ignore unavailable to you. Want to Upgrade?

To: Tom Gordon who wrote (428)	5/20/2001 9:12:57 AM
From: Bearcatbob	Read Replies (2) \| Respond to of 511

Tom, Back in my gold obsession days - my strategy was to buy juniors - trade them and invest the profits into FN. That way I figured I could avoid the frustration of win lose win lose and no gain. Then FN started fooling around with South Africans and now Australians. They also sold the Midas property. Suddenly it was not the same company. Aside from trust in the management - what does Franco Nevada now want to be when it grows up? I saw the Midas trend as the way to grow the company on very high assay reserves - safe like a Royalty due to the low cost of production. Also, the refusal of the company to trade on the NYSE struck me as nationalism over pragmatism. So guys - help me out. I want to believe here again.