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Gold/Mining/Energy : Franco & Euro Nevada FN , EN -- Ignore unavailable to you. Want to Upgrade?

To: PHILLIP FLOTOW who wrote (373)	2/14/1999 7:32:00 PM
From: Traveling Man	Read Replies (1) \| Respond to of 658

Phillip, FN has probably fallen because an analyst with Wood-Gundy downrated them from strong buy to buy a couple of days ago. He raise EN from buy to strong buy at the same time. I just read the FN quarterly and I'm here to tell you that FN management is very optimistic that the royalties they have bought recently will set the stage for another decade of revenue growth. They spent more this year than the last 4 combined buying royalties and said it's because they can buy assets for pennies on the dollar. These guys aren't PR types and with their track record,I'd say this is as good a long term holding as there is in North America. TM