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: Ross Orr who wrote (404)	3/16/1998 6:01:00 PM
From: Richard C. K. Burdekin	Read Replies (1) of 552

Ross: Even if the copper were given no value whatsoever, doesn't the present market cap imply that the gold is worth only $3 an ounce? And, if so, do you have any idea whether other deposits in the former Soviet Bloc are given such remarkably low market valuations? With regard to the company's cash position, I did want to ask you about the lack of current financial information on Armada'a web site. The latest numbers there seem to be June 1997. And an e-mail request for later statements has so far gone unanswered. Do you have plans to update the site and make the latest statements available? Thanks in advance, Richard

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