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

To: Sudhir Khanna who wrote (2801)	2/18/1999 11:46:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 3282

<<Why is a company that is in a hurry to raise expectations to 20 million equivalent ounces drilling in a limited area (in some cases only 10-50 m from previous holes)? >> Sudir, Excellent remark. I've raised this question a few times and it was even asked to the Lundins in the last conference call. The answer was that thye wanted to firm up the ounces in the proven category. IMO...as you just said... this is a nonsense when you want to prove up 20M ounces...you would be better drilling step outs at 100M and more intervals. IMO, they know that Amable is reaching its limits. Still, the holes drill so far support 6M ounces and a price of $5-$6...possibly $7. So at current price ARP is definitively cheap.