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

To: Bearcatbob who wrote (405)	3/7/1999 7:37:00 PM
From: Joe Bilich	Read Replies (1) \| Respond to of 658

I agree that EN and FN are long term propositions, not trades. Certainly the Ken Snyder mine and the Midas property are cornerstones for both in the future. I was just trying to start some brainstorming about what ELSE EN might be doing.

To: Bearcatbob who wrote (405)	3/8/1999 5:23:00 PM
From: Traveling Man	Read Replies (1) \| Respond to of 658

BBOB, Correct. However, there are costs on top of that figure that I can't delineate right now that are sort of significant. I've seen 2 seperate figures on jrs. per oz. costs,one was lower and one higher(probably adding in administrative overhead,etc.) Still, even profitably mining at today's price, they are selling an asset significantly below it's 20 year average. I don't think they will rush to increase output at today's values. Remember that FN/EN are going to split the revenue 50-50. TM