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

To: Abner Hosmer who wrote (228)	6/12/1998 11:46:00 AM
From: C Bunka	Read Replies (1) \| Respond to of 3282

I agree that #74 is important. To my eye, holes 72,74, and 75 all indicate a subtle re-thinking of the model. These holes are (mostly) at slightly lower elevation than most drilled earlier this year. Given the difficulty the RC rigs have had in going deeper than about 350 - 400m, this might give us just a peek a little further down. 72 and 75 are important too, because I wonder if they represent a departure from the earlier model that placed the boundary of Filo Federico 100-150m southeast? As you know if you add even 100m to the outside diameter of a circle you increase the area and potential volume to a huge extent. I read your earlier posting regarding the possibility of 3m gold ozs. which ARP has now mentioned as well. Truthfully, if they are able to find a connection between the NW Target and Filo Federico, I'm thinking that 7m oz. is possible. Of course this gives no value to potential finds in the "new" SE Target or the undrilled Cerro Pelado Diatreme. Obviously, I am speculating - thinking or maybe wishing out loud. But after ARP produced maps for all of us to see I began wondering of the significance of all these holes drilled outside of previously defined targets. I think ARP is trying to tell us something. The resource market is so lousy right now that it is crazy to think of making money in any resource stock. But the market will stabilize eventually. I'm afraid we are going to have to wait some more. It seems the 18-24 months that we have held the stock is not enough pain.