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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: Ross Orr who wrote (423)	4/16/1998 2:34:00 PM
From: Ross Orr	Read Replies (4) \| Respond to of 552

Hello, Hello, Hello Did anyone see the Bema Gold announcement? The first merger (or takeover) of a Canadian listed mining company who's assets are in Russia was announced today. Bema is basically paying $30 million Canadian in stock to acquire Arian Resources and their 1.0 million proven ounces of gold. I think everyone can do the math using just 5.0 million ounces. Add to this the price of copper going up to .85c and from an asset point of view things look pretty cheap. Anyone listening? Ross