ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Nathan Hansen who wrote (818)	10/29/1998 9:15:00 PM
From: G.T.	Read Replies (4) of 3282

REALITY CHECK Initial target size 900m by 300m by thickness ? or 100 million tonnes approx. Drilling to date 300m by 200m by 150m or approx 20 million tonnes at 3.07g or 2million oz gold. Thickness and grade continue to fall farther away from hole 80. Outlook maybe another 2 million oz at 2g or a gold resource of 4 million oz at 2.5g nice deposit. Factors to consider gold recovery 75%, silver 60% 60% interest in property. Summary: This zone will allow Filo resource of 2.5 million oz to be mined as well. Total resource 6.5 million oz X .75 X .60 = 2.925 million oz gold to Argentina Gold plus silver credits. Everyone is using $25 per oz so approx $75 million U.S. or $115 million Canadian. 37 million shares at $3.45 Canadian = 127 million Canadian. Stock price reflects full value of property if another 2 million oz gold is found. Reason to buy at this price 1) upward momentum Reason to sell 1) price has discounted successful drilling Reason to short None, price has not put to much of an excessive premium on the stock yet.

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