ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: c.r. earle who wrote (833)	10/30/1998 12:02:00 AM
From: E. Charters	Read Replies (1) of 3282

The absolute most these guys can find without going outside the limits of the presently defined ore area is about six million ounces. This would allow them ownership of 3.6 million ounces. Lets say 30 bucks US per ounce and 50 million shares out. That is $3.24 CDN solid value as a least_share_price evaluation of a good, good find. Now it could be better and it could be worse. But that is a conservative estimate of value of a non-conservative orebody. Somewhere in there you can be happy. And bear in mind I am not counting the Filo Frederico at all here which has about 3.1 million ounces-gold-equivalent of low grade. mailto:echarter@vianet.on.ca The Canadian Mining Newsletter

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