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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: Abner Hosmer who wrote (216)6/11/1998 12:16:00 AM
From: Robert Dydo  Read Replies (5) | Respond to of 3282
 
If the West system of Federico Ridge(ending hole of last season) will be connected by 74 and 75 we could assume horizontal length of 1000m from 68 in western direction and width maybe of 400 to 500m towards 71 hole at roughly 150 thickness it could be as much as 7M oz(just on 1g/t). My question and company's suggestion that the same thickness and elevation similar to Filo Federico was found in 76 in south direction(although hole 54 has missed that one)we would have.....about 21M. This is a very forward looking statement, you must understand. At this point this property could be a breakthrough for exploration sector as whole, similar to what couple of years ago was Arequipa.
The fundamentals are there and Barrick is in place too.
Robert



To: Abner Hosmer who wrote (216)6/11/1998 12:49:00 AM
From: Hugh M.  Read Replies (1) | Respond to of 3282
 
TB, the flippers don't hold as long as they used to, on good results, they seem to be happy with just a 25-40% take. Two years ago, they would have looked for a double. There just isn't the demand for these issues as there used to be. If gold sees 350.00 next year, yup, a 10 bagger.

Hugh


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