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


To: Bat Man who wrote (1929)1/14/1999 4:22:00 PM
From: Syncrude  Read Replies (1) | Respond to of 3282
 
Elmer,

Please be careful with your quotes. It was only stated, that based on drilling results to date ie. open at depth etc, it was felt that there was POTENTIAL for a 20mm oz resource deposit.

Still the conference call supports the view that Barrick tried to pull a fast one, ie. make a low ball bid BEFORE all the results were in. I was impressed with the 2-3 g/t results seen so far.

The rush is on to expand the resource estimate, rather than wildcat drilling, in order to ensure that fair value is extracted from the company.