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

To: Elizabeth Andrews who wrote (1091)	11/5/1998 8:43:00 AM
From: E. Charters	Read Replies (1) \| Respond to of 3282

tut tut. wait till its drilled off. Don't burn your slums till they are condemned. 721 feet thick Eliz m'dear is lots of doggone 'ore. If it were a cube it would weigh 31 million tons. That alone would be 3 million ounces. But you are so right. Let's not get excited. hooh hah. hooh-hah almighty. EC<:-} mailto:echarter@vianet.on.ca The Canadian Mining Newsletter

To: Elizabeth Andrews who wrote (1091)	11/5/1998 10:09:00 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 3282

<<I looked at these drill holes and I couldn't see much continuity. I doubted whether the resource is valid, as published.>> They still have a lot to do to bring this in the proven category. But I wouldn't say they can't do it. << If you add the ounces, the average grade of the two deposits goes down quite a bit and the marginal value declines significantly. >> The grade at Filo Federico is probably enough to make an economic operation with gold prices at $350+. Some operations are currently breaking even with numbers lower than that. That is assuming of course that they get it proven and that other parameters are OK. By itself, it has little value now. But assuming this Amable zone developed into a high grade starter pit, Filo gets a lot more importance.