Argentina Gold Corp -
Kaiser says Veladero could be a market maker
Argentina Gold Corp ARPShares issued 33,113,3891998-10-22 close $2.7Friday Oct 23 1998John Kaiser, writing in an Oct. 23 Kaiser Express, says Argentina Gold, then $2.70, may be the company that leads the junior resource market out of its current slump. "Argentina Gold's Veladero project has the potential to become that positive new memory needed to displace all the bad memories like Bre-X, Timbuktu, Golden Rule and Delgratia," he writes. Argentina was not on Mr. Kaiser's list of recommended stocks until now. His optimism about the play is based on the positive market reaction to results from ARP's Veladero deposit in northwestern Argentina. The company has defined 2.4 million ounces of low-grade and uneconomic gold at Veladero, but on Oct. 15 ARP released results from hole No. 80, which intersected clearly economic tonnage. The big question for the market now is whether ARP is a one-hole wonder, or whether it will be repeated in the coming days and weeks, Mr. Kaiser comments. At the moment, ARP is a trader's delight, he says, with lots of news coming and the hope of a home-run hit. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com |
