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

To: LABMAN who wrote (1631)	12/13/1998 1:23:00 PM
From: Claude Cormier	Read Replies (3) \| Respond to of 3282

<<do no forget that the Amable target has a resource of 2.4 million oz of gold and 75 million oz of silver >> Agreed! And that is approximately the equivalent of 3.6M ounces of gold eq. and 3M of low grade at Federico..for 6.6M total gold eq. At a very generous $US50 per ounce (given Federico uneconomic grade) you get $330M market cap times 60% is $200M....divide by 38M shares and you get $5.25... Looks to me that ABX offer was on the high side of valuation given the strategic importance Veladero has for them re: Pascua.