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Gold/Mining/Energy : ARP - V Argentina Gold

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To: the Chief who wrote (451)10/23/1998 10:09:00 AM
From: Claude Cormier  Read Replies (1) of 3282
 
Make sense chief. If ARP has 2.6M (60% X 4M) there, It is gonna be hard to stabilize at much higher than current price, although we could get a spike if the next hole has a great interception.

I don't know if the potential is limited to 4M ounces, if so...the play is over. I would turn to Viceroy who is drilling some 80km away on what seems to be a property with at least equal potential if not much more.

A favorite of mine is Cumberland with two projects...2.5M ounces total to CBD..probably more...Very strong economics with operating costs near $150...and the stock is selling for US$10/ounce... I am sure there are other situaion like this... IOW, ARP is hot, but will cool down.
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