ARP - V Argentina Gold Message Board

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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Mr. Oil who wrote (2549)	2/5/1999 9:57:00 AM
From: Claude Cormier	Read Replies (2) of 3282

<<The resource is growing based upon a current drilling program so your estimate of 3.5m oz is skewed and indicated you to be a ABX shareholder instead of an ARP shareholder. >> Don't see more than 6M ounces of gold eq. at Veladero for now..and 60% of it gives 3.5M or so. Please note that because of usually very low silver recoveries in such deposits...I convert at a ratio of 100:1. I am no shareholder of ABX. But was a shareholder of ARP. <<In fact I wonder if you are not being paid by ABX to help sell the ABX bid. >> I am sure by now that you don't really believe this somewhat ridiculous statement. You are giving me far greater influence that I have in reality. Ray, I am just stating my opinion here... I am not telling people to tender at $5. In short, I believe that $5 is very close to a fair bid.. given what is known at this point. But it is well possible that in two years from now $5 will look like a great bargain..as there is definitely some solid exploration potential. Remember what I said in an earlier post..."It make sense to continue holding ARP if you have nowhere else to put your money in"..or somethin like that! CC

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