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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: russet who wrote (59640)8/21/2006 11:41:01 PM
From: TheSlowLane  Read Replies (1) | Respond to of 312572
 
There was a time when 191.6 metres at 7.43 gpt would have been considered worth at least a yawn. I guess those numbers aren't even enough to lift an eyebrow anymore. I don't understand what you mean by sparse data. Should they be stepping out in 10 metre increments? 5? 2? Please point us to some drill results that are truly impressive, because apparently what ARU is pulling out of the ground just isn't doing it for you. My standards must be incredibly low.

By the time there is enough data from enough holes to have defined the extent of this deposit, such that even the toughest cynic would be satisfied that the job has been done properly...where will the share price be and how much upside will remain?

What plays do you like? I feel like I need something to bash, too. I guess it's contagious!



To: russet who wrote (59640)9/16/2006 11:50:01 AM
From: teevee  Read Replies (1) | Respond to of 312572
 
Lots of ways to interpret sparse data.

russet,
Have you looked at the aerial picture and cross sections posted on ARU's website? The mineralization is capped by porous clastics (sandstone aquifer?) in a 'pull apart' basin over laying andesites, located in a valley bottom, in the tropics (high rainfall), with a river running through it. Comments from a mining engineer would be appreciated, but from my layman's perspective, there are going to be serious water issues with mining this deposit that will require costly engineering solutions. I would wait for some kind of scoping study from a mining engineering consulting company. This is no Arequipa, located on a mountain side where relief and gravity facilitates drainage and haulage issues etc. Mineralization only makes ore if it can be extracted profitably and there is enough of it to to repay capital. It will take a lot of pumping (pumping water) to turn this mineralization into a mine;-)