ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: tanoose who wrote (2448)	1/31/1999 8:37:00 PM
From: marcos	Read Replies (2) of 3282

"... I felt they overpayed with Arequipa ..." Frank, I think subsequent statements from Barrick will show that they most emphatically did not overpay for aqp - Pierina is expected to come onstream with cash costs of $50/oz - barrick.com Sure they whined and bitched about the price, and others [notably Wilson] did as well - but aqp at 30Cdn was a very good deal for abx. Sure it's a different market, but that's always a fluctuating factor in the short-term, it will go the other way before long. The big thing here imho is that they're not making an offer for just Amable - they want the whole company, the whole land position. And it can't be replaced, once arp is lost. There's not many El Indio belts around.

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