ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Elizabeth Andrews who wrote (1073)	11/4/1998 10:21:00 PM
From: Bill Jackson	Read Replies (1) of 3282

Elizabeth, making a thinner shape at about 400 M long and 250 wide and still 200 M deep gives somewhat less cubeage and stops at the drill hole as a limit. If you extend 50 on top and recall it is open to west and south we are getting there. Of course a bankable drill off at 25 meters would take 256 holes for total gridding and full infill, plus the extensions. As to bidders wars. Gold is low, Barrick has 40% interest and Newmont has a major position. the longer they wait the bigger it gets and if gold climbs up we it would get out of hand. So some kind of pre-emptive move will come. The newmont investment was no doubt some kind of dafety play to ensure some kind of fight and to forestall a fast $10 bid getting 51% tendered and ending it. I am sure any bid would be followed by a better bid and the war would be on. Bill

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