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Chief Executive Greg Wilkins stated that he is embarrassed that spot gold had outperformed ABX.TO in 2006, during a presentation to analysts today.

He suggested that investors were distracted by Barrick's hostile and unsuccessful attempt to acquire NovaGold. He felt that at current spot prices and earnings levels, the stock was underappreciated vis a vis other producers when applying the same metrics for valuation. He "hopes to see improvements in a relatively short period of time".
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Try over here for the best discussion of precious metal (and other) miners;

http://boards.fool.com/Messages.asp?mid=25190118&bid=100055
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