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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: tanoose who wrote (1102)11/5/1998 9:23:00 AM
From: Gord Bolton  Read Replies (2) | Respond to of 3282
 
I understand that Barrick is shutting down it's low grade-high cost gold mines for the foreseeable future. I agree that ARP may end up with a significant quantity of gold of a relatively low grade. My guess would be that Barrick would be content to let the gold stay in the ground until such time as either the POG increases significantly or there nereby mine is out of ore in which case they may consider transport of the ARP ore to their mill. I am not excited at all about near term production and profits from this discovery.



To: tanoose who wrote (1102)11/5/1998 11:32:00 AM
From: Bill Jackson  Read Replies (1) | Respond to of 3282
 
Frank, I think it will be a good run, some people think I have exceeded what they think is there, maybe, but you are right, Newmont does not buy into a hostile camp, and you can bet Barrick is a mite pissed at this. Usually there is a gentlemans agreement not to do this sort of thing.

Bill


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