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

To: Dev who wrote (2148)	1/25/1999 1:20:00 PM
From: mick	Read Replies (2) \| Respond to of 3282

Resource Estimate It is my understanding that they have 4.5 M oz of gold in the proven and probable category with 119 M oz of silver. At todays prices, this is a resource of roughly 2 Billion US$. With roughly 35 million shares, this works out to $ 57 US per share or $ 85 Can. With the latest high grade announcements, it is certain the resource will go higher though I would question the 48 Million quoted as well (it would be pretty fantastic if they could double the resource, maybe he ment 4.8 Million ?). Barrick seems intent on only paying $ 20 per oz. If the resource grade keeps increasing, they will have to put up more dough. Kudo's for ARP !!!