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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Elizabeth Andrews who wrote (1082)11/4/1998 11:46:00 PM
From: Claude Cormier  Read Replies (1) of 3282
 
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Estimated Tonnes 18 to 20 million metric tonnes
Average Gold Grade 2.16 grams per tonne (six holes)
Average Silver Grade 50.9 grams per tonne
Contained Gold 1.280 million ounces
Contained Silver 30.2 million ounces

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Elizabeth,

You should include in these numbers the Filo Federico zone which contains 2.4M ounces gold and 75M ounces silver in all categories.

If you combined both zones, ARP market cap is reasonable.
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