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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Claude Cormier who wrote (2032)1/20/1999 6:58:00 PM
From: Bill Jackson  Read Replies (2) of 3282
 
Claude, Then why the unseemly haste? It is quite apparent from the drilling that this property will expand somewhat. How far?, it could be huge or plateau right now. If it does plateau, then the $5 is OK, but if it goes to three times that then 5 times the $5=$25 is more appropriate as the mine will last longer and have the same mill size(more or less) and thus would be paid off profitable for more years.

Think auction, let the bids accumulate and let management keep it's shareholder rights plan, does not Barrick also have a similar plan?

Bill
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