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

To: Tony from Niagara who wrote (3001)	2/28/1999 8:50:00 PM
From: John BOYCE	Respond to of 3282

Hi Tony,merely posted what an analyst had written about ARP and what he thought the worth of ARP is now. I know very little about mining stocks but was intrigued about ARP and I still think things are looking better all the time. I have spoken to Sophia at ARp a few times and feel comfortable that Lundins know what they are doing and keeping the shareholder in mind when they are doing it IMO. Take care John B.

To: Tony from Niagara who wrote (3001)	3/1/1999 9:56:00 AM
From: Gunnar	Read Replies (2) \| Respond to of 3282

"I take the math which you used to obtain CDN $9.43 per share as follows: US $ 40 /oz. x 1.5 (currency conversion) x 5.82 million oz. / 37 million shares which equals CDN $9.43 Don't you need to reduce that figure by 40% for Barrick's direct share in Veladero?" If you divide by the total # of shares you get the value of each share. No reason for a 40% reduction. The results from the core drilling seems to indicate that the reversal drilling is missing a lot? The share price have moved but the ARP-thread has not shown the same interest in the new results? Will Lundins estimate of 20 million ounce before winter come true? Regards, Gunnar