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To: long-gone who wrote (84103)	4/2/2002 3:36:22 PM
From: Ahda	Read Replies (1) \| Respond to of 116780

The collapse of the KPMG/Andersen global talks suggests that rivals, including Deloitte and Ernst & Young, could now move in to pick up more Andersen businesses in Asia and Latin America. You know if more corporate business started thinking about being cost conscious and realizing that a smaller firm can offer to local companies the same service at less cost, we might of seen a blessing in the one of five gone. Now it looks to me we now have four giants and we are reducing the ability for price competition as well as quality supervision.

To: long-gone who wrote (84103)	4/2/2002 3:38:14 PM
From: Enigma	Read Replies (2) \| Respond to of 116780

Richard - for the uninitated and I'm speaking of you obviously - when someone speaks of the 'highest multiple' they are referring to P/E NOT market to book! I was merely pointing out to you, however, that most people who look at resource stocks pay more attention to cash flow - and the likelyhood of continuing and increasing cash flow. Cash flow finances exploration and growth without resorting to dilution. Any questions?