Prolly just need to greatly exceed next big project , San Antonio, tip of Baja.
"2) Resources are stated at CoG of 0.11 g/t Au for oxide and transition and 0.15 g/t Au for sulfide and are contained within a pit optimization shell."
"The Julio Vein extends more than 800 meters before it buries and is known for high bonanza grades which includes the underground mining site on the property and is estimated at 415,000 tons on the surface with a minimum of 5 grams per ton. There are also four shear zones recognized in the area. Shear Zone 1 is coincident with the Julio Vein and had a sample graded at 11.5 grams. Shear Zone 2 is 400 meters to the south east and parallel to the vein system 1 through 5. Shear Zone 3 contains a bonanza pocket which had sample results as high as 19 grams was graded at an average of 5.5 grams from assayed sample results. Shear Zone 4 presently contains some pits, adits and shafts and graded 2 grams from eight samples. The 6 major vein structures identified in the area south of the Julio shaft account for nearly 4,000,000 tons of ore with an average gold grade of 2.5 grams with three times as much in Silver."
2.5 avg is 27 TIMES their .11!!! 19 is 173 times their oxide cut off grade and ours is ALL oxide!!! Happy Daze!!! 8
Like 8 said all we have to do is exceed what they are currently mining and what they have in their pipeline. They are doing quite well with deep .3 and .4 gram stuff so it is quite obvious if they hit some good intercepts of something greater they will be very pleased and push for development and a larger follow up program. It is all relative, so if they hit 1 gram they would be happy; if it's 2 or 3 they would be ecstatic as that represents many multiples of what they are currently mining and sits near surface. At anything in size over 1.5 grams they can't lose. If they duplicate Mexus' old assays or discover anything in the hot spots...well let's just say the Julio property will soon be showing up in AR slideshows. If (when) they hit ounces per tonne... fire up the local laundries.
For some reason the market as a whole seems to have made some assumptions like: Argo will not be able to duplicate or better Mexus own results. I find this very hard to believe given their resources and expertise at hand and given the already known results and the success of amateur prospectors. The truth is AR will probably find a lot of gold and they most likely already have.
“I’m extremely confident that Argonaut’s drill results will confirm what our own geologists had found. These initial drill results should be released later this quarter and I fully expect Argonaut to exercise its extension of the option into next year. Our company has a great partner to move forward with and we are just beginning to unlock the true value of this property and others that we control,” said Paul Thompson.
Mr. Thompson closed, “I think history will show that the current share price is extremely undervalued. My hope is that this news and future press releases will allow everyone to see what the true value of this company is.”
P.S.
Rick Rule : http://www.bnn.ca/Video/player.aspx?vid=749130 Best moment: "That can't be true!" http://www.bnn.ca/Video/player.aspx?vid=741019 mentions AR hereabout 15 min in. Rick is aware of but not familiar with Mexus, since I told him about it around 10 cents before it went on its little run years back. He loves royalties and streams, I am not sure if he is up to date on the connection with AR. He doesn't see much reason to own AR, since it is a healthy producing company, (not something Sprott would usually finance) yet Mexus may very well be that catalyst that gets them out of their own rut. Nothing like a major discovery to raise shareholder morale and share-price.
Awesome stock with 20% of a soon to be best in class mine for sale for 1 cent?
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