Armada Gold 10 Million oz of Gold & 1 billion lb of Cu ! Message Board

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Gold/Mining/Energy : Armada Gold 10 Million oz of Gold & 1 billion lb of Cu !

AAU 0.380

-5.0%

Sep 29 5:00 PM EST

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To: Scott Wilding who wrote ()	7/23/1999 12:06:00 PM
From: Bob Tate	Read Replies (1) of 552

"Armada has 98 million shares out standing and if you take 10 million oz of gold and give it $50 a ounce in the ground and take 1 billion lbs of copper and give it 40c a lb in the ground you have a combined metal value of $900 million dollars then if you divide 98 million shares into $900 million dollars you get about $9.00 a share." $50 an ounce in ground can be given to a deposit in Nevada. In Siberia it is only valued at $5 / oz. Your are overvaluating this company by factor of 10.

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