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

To: Abner Hosmer who wrote (226)	6/11/1998 11:59:00 PM
From: C Bunka	Read Replies (1) \| Respond to of 3282

Mostly I'm referring to all the targets you mention. What I find of particular interest is the raw size of this thing. I mean, most IR departments are salivating if they have a single 500m diameter geophysical anomaly to brag about. Following ARP closely a person gets excited with the realization that there are several distinct, large targets apparently clustered close together. Truthfully, I don't really buy into that idea. I think hole 76 is of vast importance. The results were good - 193m of 1.49 g/t gold and 55.09 g/t silver - but it is the location that excites me. Think about Pascua. It is big, it is deep, and it averages less than 1.5 g/t gold with +/- 20g/t silver. I think ARP potentially has a similar find that has barely begun to feel the drills. I think ARP has to go deeper. I'll not be surprised if the 96/97 NW target ultimately becomes part of the Filo Federico target, joined at depth with relatively small higher grade "pods". Finally, I think ARP is for the first time on top of their geological modelling and that management knew several months ago they would have to produce a few good holes at the end of the season to retain interest for '99. I think the best is yet to come.