IDCN - gold, garnet, etc. Message Board

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Microcap & Penny Stocks : IDCN - gold, garnet, etc.

IDCN 0.00001000

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Mar 6 3:00 PM EST

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To: rainman who wrote (3781)	10/29/1998 8:10:00 PM
From: Mr Metals	Read Replies (1) of 5908

Argentina Gold Corp - Kaiser says results continue to satisfy market Argentina Gold Corp ARP Shares issued 33,113,389 1998-10-28 close $2.4 Thursday Oct 29 1998 John Kaiser, writing in a Kaiser Express of Oct. 29 1998, says Argentina Gold assays released on Oct. 26 met market expectations. Mr. Kaiser talked of Argentina at $2.70 earlier this month; at the time of his latest report the stock traded at $2.40. Noting that more assays are expected early next week, the letter writer says the important hole at Veladero is No. 84, which may determine whether ARP is a one-hole wonder based on hole No. 80. Mr. Kaiser tells his subscribers that his preferred strategy is to avoid the stock in favour of other companies active in Argentina, warning Argentina could be subject to a 50 per cent drop if No. 84 fails to improve on No. 80. Based on $300 gold, Veladero would need to yield 195 million tons of 0.13 ounces per ton gold; based on $400 gold, Veladero needs only 0.085 ounces per ton. If Veladero emerges with these kinds of numbers, the stock would be worth $16.30 a share based on 36.8 million shares fully diluted, Mr. Kaiser calculates. VVVVVVBG:-) (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com Let's take the ARP chat to the ARP thread. I wouldn't want to rub any bad luck over her...ROLL. MM

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