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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Naan who wrote (2782)2/17/1999 1:27:00 PM
From: Syncrude   of 3282
 
Naan,

You are very aggressive (not at all conservative) with your use of $50USD to assign to RESOURCES. Much more drilling needs to be done before the word reserve can be used, THEN maybe an amount close to $50USD can apply to that portion of the resource which can be classified as minable reserve.

As it keeps on drilling ARP is bound to hit a disappointing hole. It is like a game of Russian roulette, only ABX has said it is not playing right now. No other bidders have yet surfaced and there is a risk that events may occur only next year.
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