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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: Traveling Man who wrote (431)	5/20/2001 6:41:22 PM
From: Tom Gordon	Respond to of 511

BBC& Tman, you gentleman are dissecting a co. that has zero long term or short term debt, this may not seem that unusual but given the debt ravaged balance sheets of wall st. it's striking. We got 700 mil+ in our coffers , we are one cash rich co. survivor! We own a stake in some of the largest and most lucrative gold mining cos. in the world. All companies have there certain little perils that may ripple the effect, certainly won't deter the cos. share price as gold appreciates. Bear Cat, your risk to reward ratio is in your favour this time around.MHO. I have bought this co. mainly as a hedge to my portfolio, I will not be on the outside looking in. If the US $ tanks, all the better! Regards TomG.