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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 (392)	2/28/1998 2:35:00 PM
From: Syncrude	Read Replies (1) \| Respond to of 552

I understand that the current strategy is two fold: First the current cash flow will be enhanced through an expansion of the copper production in the near future. Secondly, the Company is looking at ways to finance a quick start of the higher grade gold deposit. I think that this is the best that can be done, given the market conditions and Armada's financial resources. I also think that they are trying to avoid as much dilution as possible. Can anyone see a better approach?