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

To: baystock who wrote (1399)	6/19/2001 4:48:45 PM
From: baystock	Respond to of 4051

Looks like Casey has fewer ticked of subscribers than Bishop: Farallon Resources Ltd FAN Shares issued 20,931,118 Nov 20 close $0.73 Tue 21 Nov 2000 In the News Douglas Casey, writing in the Oct. 6 issue of his International Speculator, says Farallon Resources is a buy at 70 cents because it has the potential to go to $20. Mr. Casey reviewed the company only once, in December, 1998, when he recommended buying it at $1.22. At that time, Mr. Casey called Farallon a well-managed, adequately funded outfit with a big-potential project in Mexico, Campo Morado. In the current report, Mr. Casey recalls that Farallon previously hit $19 in the gold bull market of 1996 and says that even in today's market Farallon should be trading at twice its current level. That estimate is based on the company's 29-million-tonne polymetallic resource at Guererro, Mexico. One risk with the company is the remaining effects of what he calls a "frivolous" lawsuit that he says will probably soon be dismissed in Mexico. The risk at Guererro is metallurgy and it will cost about $275-million (U.S.) to get a mine going, including a complex milling and refining process. At this stage, there is little risk with the stock at 70 cents, Mr. Casey contends. (c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com