ARP - V Argentina Gold Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : ARP - V Argentina Gold

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Claude Cormier who wrote (1637)	12/13/1998 2:00:00 PM
From: Daytek77	Read Replies (2) of 3282

Claude How can you know that this statement is true? "Agreed! And that is approximately the equivalent of 3.6M ounces of gold eq. and 3M of low grade at Federico..for 6.6M total gold eq.At a very generous $US50 per ounce (given Federico uneconomic grade) you get $330M market cap times 60% is $200M....divide by 38M shares and you get $5.25..." What if there is 12 million oz or 10 or 9? You can't possible know. If there are 12 million oz we are not going to know because Barrick will try to slow down the process. They have a rough idea where the final figure will be. Based on past take-overs it could be double current known reserves or 5 times like Pasqua. Accepting any offer now is not prudent. Let's get some other companies on site and review the data to see what their interpretation is. If this occurs we will see much higher prices IMHO. There is no reason from Argentina's perspective to accept Barrick's offer. You don't know what's there and neither do I and that is what makes a market. Tony

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next