Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Elizabeth Andrews who wrote (662)	10/27/1998 2:11:00 AM
From: mineman	Read Replies (1) \| Respond to of 3282

If 84 & 85 hit, AGF ozs=850,000, AGF value=$1.50(Can)/share!!! If hole #84 and #85 cut similar grades to #80 (.14 oz/t gold over 140 m), and if these grades coincide with the resistivity anomaly for 350 m south and 100 m west (the zone is cut-off north of #80 by low-grade 1.5 gr/t in #76 and #82) the zone would have 10 million tons, or 1.4 mil ozs total. ARP = 60% of 1.4 mil ozs = 850,000 ozs. 850,000 ozs X $40 / ton (value for open pit ounces) = $34 mil ARP has 35 mil shares fully diluted. So ARP value = $1 (U.S.)/share ($1.55/share (Can)) if #84 and #85 both connect.