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

To: Tony from Niagara who wrote (3024)3/1/1999 8:41:00 PM
From: Douglas  Respond to of 3282
 
Tony,the proper valuation in this type of market would be between $US10 and 20 dollars per ounce for resources and about $40p/o for proven reserves.Possibly a little more would be paid for larger sized ore bodies such as the Sutton property and possibly this one as well.
$50 US in this market environment would be excessive IMO.

Best regards,

Douglas



To: Tony from Niagara who wrote (3024)3/2/1999 7:42:00 AM
From: Syncrude  Respond to of 3282
 
Tony,

I guess your question has been addressed. In my post, I DID mention PROVEN reserves, which can be valued at $40-50 USD per oz.

At this point in time, I suggest that an in-the-ground valuation may be appropriate for Argentina Gold. Other measures would apply closer to any final feasibility study that may be executed.


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