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

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ASHLEY5 who wrote (367)	2/26/1998 12:32:00 PM
From: Mr Metals	Read Replies (1) of 552

**TO ALL SHAREHOLDERS Stockhouse...http://www.stockhouse.com .. just sent this story out on Armada Gold Corp. ARMADA GOLD CORP (TSE-AAU-$0.25) is a company with HUGE potential that's selling for a small fraction of its true value. The recent market capitalization (Cdn$ 20 million) is only a fraction of its true value A description of the SIGNIFICANT interests of Armada Gold Corp. ********************************************** A LARGE, PROVEN GOLD DEPOSIT IN S.E SIBERIA ********************************************* Armada holds an 85% interest in the Baley gold project, in the Chita region of southeastern Siberia through Balgold Ltd which contains a world class 8 MILLION ounces of gold. World renowned Kvaerner Metals Davy Ltd. of Toronto which conducted the feasibility study, estimates the cash operating cost will average a mere $166 an ounce. A particularly favorable aspect of this massive project is that higher-grade ore can be produced in the first two years of operation. The study estimated production in the first year to be 267,000 ounces rising to 324,000 ounces in the second year of operation. Cash operating costs would be US$140 an ounce in the first year and US$120 an ounce in the second year. It is expected to produce an additional 200,000 ounces per annum for another 9 years. Once in production the Baley project will be the largest, lowest cost gold mine in the region. ********************************************* A HUGE COPPER DEPOSIT IN MONGOLIA ********************************************** Armada Gold also controls a 49% interest in the Erdimin SX/EW project in Mongolia which has the potential to host BILLIONS of pounds of copper. These resources are truly large and compare favourably with that of Phelps Dodge's Morenci's SX.EW operation in Arizona which has 8.40 BILLION lbs of contained copper. The cash cost of operations is expected to be just $0.30 per lb of copper on site which will make it amongst the lowest cost producers in the world. A study is underway being led by Merubeni of Japan (due in June) to determine the feasibility of expanding the production 5 fold. The operation treats the waste rock from the Erdnet Copper mine which has 80 years of reserves. ********************************************** CONCLUSION ********************************************** Between Armada's large Gold & Copper projects and some of Canada's top brokerage firms recommending the stock with a $4.00 to $6.00 target, the stock remains SIGNIFICANTLY undervalued. For more information on Armada Gold Corp, please call Ross Orr and/or Chris Cory at 416-777-0001 / FAX 416-777-1254 Website: armadagold.com ***************************************************** This bulletin is sponsored by the company and/or another party and has been sent to you for no charge. This is a service provided by StockHouse to public companies so they can disseminate recent significant developments, which potentially can affect their share price. This is not an offer to buy and sell any security which can only be made through a registered representative. StockHouse makes no warrantees as to the accuracy or completeness of the above information. Visit StockHouse Online Journal at stockhouse.com ******************************************************* Mr Metals

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next