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Gold/Mining/Energy : Armada Gold 10 Million oz of Gold & 1 billion lb of Cu ! -- Ignore unavailable to you. Want to Upgrade?


To: stockman who wrote (350)12/1/1997 2:58:00 PM
From: Nick  Respond to 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