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: stockman who wrote (350)	12/1/1997 2:58:00 PM
From: Nick	of 552

HI Stockman, Did you read the third quarter report ? They made a profit for the third quarter of $73000, thanks to the profitable operations in Mongolia. At least this part of the company seems to have some brighter future. The stock price didn't react to this news. I guess that as long as the gold price is decreasing the stock won't make any significant up moves.What do you think ? Does anyone know what the NPV/IRR for Taseevskoe project would be assuming a more realistic gold price of $275 ? Would it still be profitable at such a price ? Happy Investing, Nick

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