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

To: Claude Cormier who wrote (1057)	11/4/1998 3:57:00 PM
From: Robert	Read Replies (2) \| Respond to of 3282

I agree, but first of all you need the mass of the ore body. Then you can multiply by 311.03 and divide by 283.5 to get troy ounces. it's not a big factor in any case. Are they quoting average grades in troy ounces per ton?. They never say, but I expect they are....In any case, since we are just estimating, actual ounces (what your weigh scale gives you) or troy ounces is good enough....If the ore body is averaging 0.1 ounces per ton, then in 10 million tons, we have a million ounces. So keeping this in mind, any expansion of the ore body is easily translated into ounces of gold. I'm skeptical about 100 Million tons at an average grade of 0.1 ounces of ton. If it's true, I will gladly mortgage my house (again), and buy ARP up to the hilt...It is turning more interesting. Certainly, there is a potentially mineable deposit emerging. The big danger, as I see it, is that this only turns into a 1.5-2.5 Million ounce deposit, since it is unlikely to be low cost, and there are many such deposits sitting around looking for buyers.....(eg Pangea, Nevsun, Minefinders, Etruscan,....)..... Regards, Robert