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

To: james flannigan who wrote (2285)	1/28/1999 2:49:00 PM
From: mick	Respond to of 3282

Some Weak Sentiment That Barrick or Other Will Pay More I only bought in at $ 5.40 (and cursing why I didn't back back in October at $ 1.50) based on the recent phenominal high grade result (the 42 g/t of gold one which works out to 900 US$/ton - wouldn't it be cool if all of Amable was like that ?). When you look at the project, the average grade of Au/Ag makes the rock worth about $ 50 /t, which is pretty good if its easy to mine. From the sounds of things, it is easier than Passau (sp?). Barrick has a mine close by. Ergo, they should want this to lower the capital/operating costs. I think the negative sentiment is coming from POG. Demand seems very good for gold still and is currently greater than mines can supply, so the price is only being effected by shorting. Many mines are trouble, as are junior gold companies, from market speculators shorting the metal. This shorting is getting to be very large and as with the internet bubble, it will eventually burst. What I am trying to say is that ARP is attractive at $ 300 POG. It will become bloody marvelous as prices recover. ABX knows this as did Newmont. The question to me is if Newmont has tendered the shares to ABX ? Some times, the old boys network will scratch each others back to keep competitive bidding from occurring. There has been no word from Newmont, so I can only assume they are waiting to hear if ABX will be successful. If they are not, then they can make some future arrangement that will satisfy both parties (and leave the individual investor to his own). I agree ABX will keep chasing this. My only concern is what side deals they are willing to make to have the takeover succeed.