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

To: Claude Cormier who wrote (1636)	12/13/1998 1:23:00 PM
From: Daytek77	Read Replies (1) \| Respond to of 3282

Claude I have already stated that I miscalculated. Second 8.2 million ounces is double the amount they said the take-over represented for Arequipa at $30 per share. At the time the calculation was based on 4.1 million oz. I never said their production costs were $15. The quote is from Barrick's website. It is not my statement. Third, their are not many projects in the world with a cash cost of $50 that are viable in todays market. The point I am making is that Barrick has a habit of understating the size of the deals they do and in short order they are expanded many times their original size. I believe they know that Argentina's property could demonstrate a growing deposit with further drilling and that is why they want to lock this up as quickly as possible even in this moribund junior environment. Tony