ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Enigma who wrote (2159)	1/25/1999 2:29:00 PM
From: mick	Read Replies (1) of 3282

Thats how I calculated the total figure - assuming no cost to mine, market, etc. Thats were the $ 85 comes from in total (which is not the suggested price it should be selling at, which I guess I didn't make clear). I had heard the figure that Barrick was paying around $ 20 US per oz of gold based on there offer of $ 4.00 /share. I think, and many others concur, that this is pretty inexpensive gold for them. What I was trying to say was that the increase in the gold reserve is going to drive the price up; even if we include the low offering of $ 20 US per oz. Sorry for any confusion.

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