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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Enigma who wrote (665)10/27/1998 8:57:00 AM
From: mineman  Read Replies (1) of 3282
 
ABX knew the results before the release, and gave ARP no money. Do they believe the estimated Filo Federico reserves of 2 mil oz are uneconomic (.7 gr/t on a steep slope with high overburden), and that drilling on all zones to date shows that high grade lenses are erratically distributed and not continuous.

ABX have all the ounces they need at Pascua and are carried for 40% in case this thing is large. But they were not prepared to give money to a deposit they believe will most likely turn out to be small tonnage and contained ounces.
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