ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Tony from Niagara who wrote (3001)	3/1/1999 9:56:00 AM
From: Gunnar	Read Replies (2) of 3282

"I take the math which you used to obtain CDN $9.43 per share as follows: US $ 40 /oz. x 1.5 (currency conversion) x 5.82 million oz. / 37 million shares which equals CDN $9.43 Don't you need to reduce that figure by 40% for Barrick's direct share in Veladero?" If you divide by the total # of shares you get the value of each share. No reason for a 40% reduction. The results from the core drilling seems to indicate that the reversal drilling is missing a lot? The share price have moved but the ARP-thread has not shown the same interest in the new results? Will Lundins estimate of 20 million ounce before winter come true? Regards, Gunnar

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