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

To: Traveling Man who wrote (458)	5/6/1999 5:54:00 PM
From: fergie	Read Replies (1) \| Respond to of 658

I noticed that on FN's report that "working capital" and "market value of investments" were blended together as one figure. So, I called the company to get the values for those "investments" (they are valued as of 3/31, of course). Here they are, FYI (in $C or $us, as noted): C99.6mm--Inco Class VBN Shares C42.7mm--Aber Resources C0.8mm--Queenston Mining US16.1mm--Duff and Phelps Utility Fund US12.3mm--First Australia Prime Income Fund US13.5mm--San Juan Basin Royalty Trust In all, the market value of FN's "investments" totalled $C206,742,000 on 3/31/99. So, their working capital was $C284,800,000, or $C3.54 per share. By comparison, EN's working capital was $C466,469,000, or $C4.61 per share. FWIW, Fergie