ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Syncrude who wrote (3009)	3/1/1999 6:48:00 PM
From: Tony from Niagara	Read Replies (2) of 3282

Regarding valuation of estimated resources, the figure I have seen used is US $50/oz. Your comment states that US $ 40/oz. is excessive, which leads me to the following questions: 1. Did your fingers slip from 5 to 4 or did you mean to speak about US $40/oz. as being excessive? 2. What do you suggest is the appropriate valuation, or range of valuation, for estimated resources, generally, and in particular, in relation to ARP? I would imagine that it is a function of, among other things, the cost of bringing the gold to market. Regards, Tony

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