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Gold/Mining/Energy : Francisco Gold - FGX.V -- Ignore unavailable to you. Want to Upgrade?

To: marynell who wrote (1793)	3/6/2002 1:56:27 PM
From: Claude Cormier	Respond to of 1907

Marynell, Well we know it will be roughly 17.0M shares. I doubt that more shares will be issued (re: Montana deal) cause they will not have the time to bring the resource in the PP category. I was guessing $2+ simply because the market will eventually realize that the assets in Nicaragua, although unproven, will be worth at least $0.50-$0.75. Also do not forget the 2%NSR on Guatemala. That alone will be worth a lot 12-24 months down the road. ExploreCo will have a lot of exploration potential.... Assigning an initial premium to cash of $0.50-$0.75 is very conservative IMO. In the mean time.... gold and GLG stock price will tell where FGX stocks goes.