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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: goldcat who wrote (16507)7/18/2006 10:52:36 AM
From: Robin Plunder  Read Replies (1) of 78410
 
I agree that the situation favors aqi, and the market seemed to sense that, as aqi stock generally trended higher over the last year while imr was stagnant. The value of aqi, if this ruling holds up, would seem to be very high. There are 300 million ounces of silver already identified, plus 3 billion pounds of lead ( I believe), and they have done very little drilling yet on Loma de la Plata, which should add considerably to these amounts. On top of that aqi has their existing gold activities at vein 49 and the new find at castro sur, and have a large land package that has not been explored and probably contains a number of other attractive deposits to be discovered....seems unlikely that this huge silver deposit occurs in absence of other significant mineralization in the area.

One wonders if aqi will just buy imr....probably less expensive at this point than paying for the cost of work done at the Navidad site? This would also avoid any future litigation issues.

Is argentina favorable for mining? Chubut recently banned mining south and west of aqi, due to concerns about pollution and damage to scenic/resort areas in the mountains, I believe...what is the chance of unfavorable legislation affecting aqi?

Robin
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