Argonaut Exploration Inc. V.AGA.H

RE: Street Research

[dieter216]

the question I have is how do they factor in the fact the company is sitting on close to $11.00 a share in cash? The thing these analysists don't get is that the Steel Indusrty has changed forever, gone are the days of Steel Mill mentality of run flat out and get whatever price we can for our product. The industry has moved to a more "OPEC" model, limit supply to be more in line with demand. I've been a steel buyer for over 20 years and the change is REAL.