ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: LaFayette555 who wrote (2034)	1/20/1999 4:55:00 PM
From: Claude Cormier	Read Replies (1) of 3282

<<Dont you belive there is a good probability to prouve this reserve and more on these claims ?>> I have no doubt that 4-5M will be easy to prove up. They are already indicated in 2M+ of high grades and more than 2M of low grade. Add some extensions..and you got 5M. But the latest drill holes surrounding Amamble are showing some weakness. It seems to me that it will get harder to move this number up. As far as the Federico anomaly...doubling the number of ounces there will not help ARP case. That is not what Barrick and potential other bidders (which I don't think there are) wants. Barrick is looking for a high grade starter pit. Amable is what ABX wants and nothing else. Longer term, the property could well have 10M ounces...more ?? Who knows. But we are now! With gold $290. Barrick has made a reasonable bid for what is known today. They can take advantage of Amable right now because of Pascua. Nobody else can. Of course, there is always potential for the discovery of more high grade stuff... but the latest release of ARP didn't show that and the stock did not react favorably. Who knows. IMO, time to move my speculation $$ somewhere else. CC

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