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

To: russet who wrote (2521)2/4/1999 1:23:00 AM
From: Enigma  Read Replies (1) | Respond to of 3282
 
russerr << Do some due diligence and realize that Barrick does not have 50% of this rich mine and the geology screams for a much higher bid>> Suggest that you do the same and enlighten us all - seriously - tell us why it is worth $7?. BTW your remarks about Barrick are ill informed and unfounded - sure they had some luck - but they followed through and are a powerhouse in the industry. dd



To: russet who wrote (2521)2/4/1999 10:46:00 AM
From: Claude Cormier  Respond to of 3282
 
<<The geology screams for a minimum of $7.00>>

That would mean US$52 or so per ounce of gold eq. that belongs to ARP. A bit high in the current market environment...especially when half of the resource is low grade. Lets compromise on $6! <g>


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