POTENTIAL BUYERS OF FDN: VARIOUS OPINIONS

BARRICK (ABX) $37.1bln
-Just spent all the cash ( most) on rest of Cortez....maybe because they are large and are willing to use all shares for purchase
-they are in Ecuador either directly or indirectly
-announced they will spend 10 bln this year on bumping production
-are # 1 producer and want to hold on to that

GOLDCORP (GG) $26.3bln
-maybe but has a full plate and still trying to absorb the high price they paid for Glamis...with Telfer who knows
-looking at South America

AGNICO EAGLE (AEM) $8.9bln
-probably too expensive but still a possibility if their big holders can live with the dilution

NEWMONT (NEM) $19.8bln
-looking and in real need of more ounces ...just dumped Franco Nevada assets and ready for a big move....might buy Agnico instead

YAMANA (YRI) $5.7bln
-YRI has a number of mines in South America, so is better positioned than most to work effectively in Ecuador
-It has been a frequent buyer - rapidly expanding resources and production
-It is large enough to do the acquisition but small enough to make a huge impact on their reserves and production
-can't afford it....too much dilution

ANGLOGOLD ASHANTI (AU) $8.8bln
-under water with 11 Million ounces still hedged

ANGLO AMERICAN (AAUK) $77.3bln
-getting rid of gold interests

KINROSS (K) $12.7bln
-too expensive for them

CVRD (RIO) $153.4bln
-after Xstrata in a bad way

CHINA cash $200bln+
-who knows
-plenty of cash and demand

BHP (BHP) $178.9bln
-still after Rio Tinto

RIO TINTO (RTP) $127.0bln
-just dumped 40% of Cortez...not interested

TECK COMINCO (TCK) $15.9bln
-after Fording Coal but a possibility

Feel free to update, add, or correct.
Safeharbour