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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: Syncrude who wrote (443)	4/20/1998 1:04:00 PM
From: stockman	Respond to of 552

I don't know of the benefit to aau because I don't know the terms of the agreement and the resources this bank has but knowing that someone is interested and getting another piece of the puzzle is somewhat reassuring. The only benefit I foresee for AAU shareholders is the copper plant expansion and the subsequent cash flow which we won't see for some time. Until we get a JV for the gold we will not see any value and a JV won't happen until the POG goes up more. My two cents Stockman