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One whiff of a UK submarine and the Argie navy will become a non-factor.

Problem is Argentina can invade using paratroopers. Since the British force on the Island is relatively small they can't hold the entire landmass. If they tried they would be overwhelmed. Their best bet would be to retreat into Port Stanley and hope for relief in a reasonable time. And without flattops to establish air superiority the Brits couldn't run in supplies.

You end up with a mutual sedge. The Brit garrison dung in and surrounded at Port Stanley, and Argentine airborne troops cut off from anything other than air dropped supplies by British SSNs. Some supplies can be flown in, but not enough to get their guys more than the basics. And even that assumes that Argentina can keep all of their transport aircraft air worthy under wartime conditions in and area know for some of the worst weather on the planet.

The Argentine Air Force only has 7 C-130s unless they want to use their two KC-130 tankers as transports. And some of those are old "B" models. If they can capture a jet capable runway they have about a dozen airliner types that can be pressed into service, but the Brits are probably on the ball enough to blow up any runways they can't hold on to.

Basically it is a race to see who starves first.