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

To: Mr Metals who wrote (608)	10/24/1998 12:16:00 PM
From: G.T.	Read Replies (1) \| Respond to of 3282

Hey MM Glad to see people have made some good coin on this stock. People seem to be missing that Veladero is uneconomic and only one hole has been economic to date in the ameable target. The estimated 10 million oz gold is possible with 150 million oz silver plus as well. However these numbers are very misleading as recovery rates are 75% for the gold and 60% at most for silver. No mining company will pay for gold and silver that will not be recovered. To keep this in perspective four more holes 100m around hole 80 with 200m intercepts at 3g gold would block of a resource of 1.5 million oz gold. The target area is 800m by 300m. As in the Veladero breccia as one drills away from the center of the mineralized vent grades will drop significantly. To bad the property is not in Mexico at a much lower elevation the stock would then still be undervalued but not now with only one very good hole. Just my thoughts, good luck to all