Home › Download › FRANCO NEVADA (FNV $48.94 rated Underweight with price target decreased to $30 from $36) $1 BILLION INVESTMENT IN INMET’S COBRE PANAMA PROJECT LEADS TO OUR DISCOUNT RATE INCREASE TO 7.5% FROM 6.5%; EXPOSES FNV TO POLITICAL RISK IN PANAMA AND COPPER MARKET CYCLICALITY. 8/28/2012

FRANCO NEVADA (FNV $48.94 rated Underweight with price target decreased to $30 from $36) $1 BILLION INVESTMENT IN INMET’S COBRE PANAMA PROJECT LEADS TO OUR DISCOUNT RATE INCREASE TO 7.5% FROM 6.5%; EXPOSES FNV TO POLITICAL RISK IN PANAMA AND COPPER MARKET CYCLICALITY. 8/28/2012

FRANCO NEVADA (FNV $48.94 rated Underweight with price target decreased to $30
from $36) $1 BILLION INVESTMENT IN INMET’S COBRE PANAMA PROJECT
LEADS TO OUR DISCOUNT RATE INCREASE TO 7.5% FROM 6.5%; EXPOSES
FNV TO POLITICAL RISK IN PANAMA AND COPPER MARKET CYCLICALITY.  8/28/2012