FRANCO NEVADA (FNV $48.27 rated Neutral with $47 up from $41 price target) HIGHER PREMIUM TO NPV ASSIGNED DUE TO PORTFOLIO EXPLORATION UPSIDE; FOUR NEW ASSETS INCORPORATED INTO AND TASEKO “NEW PROSPERITY” REMOVED FROM PRODUCTION PROFILE. 4/8/2014

FRANCO NEVADA (FNV $48.27 rated Neutral with $47 up from $41 price target)
HIGHER PREMIUM TO NPV ASSIGNED DUE TO PORTFOLIO EXPLORATION
UPSIDE; FOUR NEW ASSETS INCORPORATED INTO AND TASEKO “NEW
PROSPERITY” REMOVED FROM PRODUCTION PROFILE. 4/8/2014