... nothing happens quick with ARC. Started drilling May 10, so would expect an annoucement anytime from next week onwards. Although I do feel that the market is waiting for the 2011 Bima & Anglo drilling, and the share price perhaps showing this, as 5000m of scout drilling at Treggalek in 2010 didn't return anything major, but did show Treggalek has gold all over the tenement. Knowing ARC, there is no way ARC would be wasting money drilling Treggalek if ARC were not confident of discovering a "new gold district".... An interesting time to be a ARC shareholder !!! ARC management have a proven record of Indonesian Gold discovery and no hype in their reporting, no matter what the situation.
Go the ARC !! Go Gold !!
Only my views ..DYOR
ARX Price at posting:
2.5¢ Sentiment: LT Buy Disclosure: Held
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