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: Tom Cat who wrote (2229)	1/27/1999 1:03:00 AM
From: Claude Cormier	Respond to of 3282

<<..I see a few great oles but I was surprised that the tonnage does not seem to be there yet...I may be missing something here.... >> Given the new numbers, we can now say that $5.50-$6 is a reasonable offer. However there is a chance that this number could prove to be low. The reason is DDA1...it brought in a new perspective and its results are a lot more important than any of the drill holes (103, 104..) they can drill by stepping out 50 meters. These steps out add to the bottom line...of course...but you need many like these to increase the resource by 1M ounce. OTOH, the discrepancy between DDA1 high grades and adjoining RC drill holes could have bigger implcation if it can be duplicated. Unfortunetely, the odds are that they will not....and DDA1 was probably just drill in a great spot... But if it is not the case and the ore is such that true grades are really much higher than those revealed by RC drilling.... then watchout.