ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

ARP 32.02

+0.4%

3:36 PM EST

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To: marcos who wrote (2216)	1/26/1999 5:31:00 PM
From: mick	Read Replies (2) of 3282

Potential Bidding War I hope that it exceeds $ 6. I am estimating that we should see the deposit size double. At $ 20 per oz of gold offer, I can not fathom why Newmont, Placer, others are not announcing counter proposals. I just took a quick view of Arequipa. There gold grades don't appear to be as good as ARP and there is no mention of bonanza gold (though I didn't find out the size of the resource - which is most important of course). Barrick is trying to get this on the cheap now (not that I blame them - good try, but it has failed). If they get anymore drill results like the last one - I can't even begin to think what the value of this stock should be. Right now, I value it at $ 10 and going up.

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