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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 (497)	1/21/2002 6:05:33 PM
From: Bernie Koppenhofer	Respond to of 511

To all: Newmont high volume. Who is buying and who is selling? I see some indication the funds are buying.

To: Traveling Man who wrote (497)	1/22/2002 7:36:50 AM
From: Bearcatbob	Read Replies (2) \| Respond to of 511

TM, Goldcorp is a business venture whose product happens to be gold. They sell thier product at a very high margin. Like any profitable venture the key to growth is how the profits are reinvested. FN/EN were great ventures whose product happened to be gold. I thought Ken Snyder was an excellent vehicle for reinvestment. My perception is that FN/En did not reinvest the profits well. Specifically I would point to INCO and Aber. Bob