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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: ASHLEY5 who wrote (367)	2/17/1998 9:13:00 AM
From: Ross Orr	Respond to of 552

Ashley, At this time the company is low on funds and will have to do something to buy time in the sweepstakes game. One option is to sell a percentage of the property for cash. Buyers could be anyone from a large mining company to actual Russians who are repatriating rubles to Russia (see CNN website Feb. 16). In any event the market is waiting to see how they will raise the money. The market also does not believe that the company can finance a US$130 million project so it is possible that they may rescope it once again. The copper feasibility, which is being paid for by Merubeni, is due in June and there should not be any surprises from that. Ross Orr

To: ASHLEY5 who wrote (367)	2/26/1998 12:32:00 PM
From: Mr Metals	Read Replies (1) \| Respond to 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