Ann: US NICKEL TAKEOVER OFFER FOR ARGENT MINERALS, page-10

re: Ann: USN: US NICKEL TAKEOVER OFFER FOR AR... Found this somewhere
Well me and others know how cheap this is many many facts show Silver is still very under fair value.
ARD has a plan in place to have a very profitable mine at Kempfield it's only a matter of time an shareholder support to first get Bullant into production then work towards increasing reserves at bullant and move Kempfield towards production(I asked kerry if S/H fronted on at least 6mill of the 8mill opts would the funds be enough to get kempfield into production he said yes certainly would as It sounds like USN will raise an loan enough funds to get Bullant into production)
--have spoken with kerry twice now, a very sincere/smart manager that has shown he can turn a explorer into a major producer he has huge confidence he will do it again with ARD

I do think USN have been doing a great job on raising funds ,but I do not agree they should takeover ARD on the cheap I'd much rather see USN sell their Nickel interests an raise funds then merge with ARD if they so want to get into ARD's Gold/silver interest merge at a fair level 20c per share etc

Going from current USN-- SP-- ARD holders are been offered 16.5c for their shares that are trading at 18.5c an did trade round 23c only months ago before the kempfield value increased on the back of the massive silver rise which will before the decade out be touching 500oz an in turn make the likes of ARD worth 20x more than current market value not including Bullant which in it's self is a gold mine set to produce a min 110,000oz or 55mill aud EBIT on $900oz aud costs to produce

We share/option holders are been offered peanuts at est 16mill in USN share value

A review of the Kempfield Scoping Study outputs for Argent Minerals Limited (ASX: ARD) shows the application of current prices for silver, gold, lead and zinc would increase operating cash flows,before Capex, from the Kempfield project from $97 million to $251 million at 600,000tpa throughput and to $297 million at 1.0 million tpa throughput.