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 !

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Sep 29 5:00 PM EST

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To: Ross Orr who wrote (317)	9/4/1997 9:54:00 AM
From: Ross Orr	of 552

I am using another computer due to difficulties with my ISP. I understand that the bankable feasibility is on schedule and due for release in the first two weeks of Oct. I bring this to your attention because if you remember when the pre-feasibility was released it caused approximately six major mining houses to come and sniff around. At least 4 went to Rusia to view the project. I fully expect there to be a similar interest when the latest study is released. The political and economic environments are much different today and the former Soviet Union has become an attractive place for investment. For example, the Templeton Russia fund went from $25 to $60 in a matter of weeks when people realised that the stock market in Russia had exploded. I think that our patience is finally going to be rewarded over the next 3-6 months. I have always said that the assets in Armada have been undervalued. The problem has always been the country risk but that piece of the puzzle is becoming less and less of a factor. The market seems to be figuring this one out. Ross Orr

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