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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: Syncrude who wrote (393)3/3/1998 8:59:00 AM
From: stockman  Read Replies (2) of 552
 
Correct me if I am wrong. The feasibility study for the copper plant expansion it scheduled for June. All expansion and costs will be incurred by the Japanese company which means no additional debt and an increased cash flow. However, the expansion will be completed by the year 2000. IN the mean time all we have to look forward to is the cash flow from existing copper plant production which I hope isn't shut down during the expansion and a possible partner in the gold recovery.
Thanks
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