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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Robert Dydo who wrote (215)6/10/1998 9:29:00 PM
From: Abner Hosmer  Read Replies (2) of 3282
 
Robert, the spread was .40 - .50 at one point before the release came out. Some of it may have been flippers from the recent lows who were trying to get out. Volume just went nuts after the release and it looks like CTI and Levesque used the opportunity to roll out of the balance of their positions.

My sense is that we have seen the bottom at .35, but if we haven't, load the boat. This is a 5 - 10 bagger within the year at these prices, I think. Don't forget that Barrick is tunneling beneath the border just north of here. This deposit would make a great compliment to Pascua for them.

Would you care to take a stab at what the inferred resource will be when it's complete? The new map is pretty good. 74 and 75 would provide continuity to the west if they come in good and 73 would fill in the n center of the diatreme. 76 is out in the middle of nowhere, all by itself on an 800m - 1000m structure. If 77 and 78 show continuity along trend to the south, this thing is going to start looking huge.
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