armenia mining deffered, page-91

Hi find8, I disagree with the fact that they suddenly want to stop building and going to continue drilling for another X months.

The advertised deal in each of their presentations was a producing operation by March09, therefore having a direct impact on future profits... and the sp.

If you go back and read their announcements you should find a comment stating that the data they have is sufficient to be able to proceed with building the Armenia op.

This is something which I assumed was going to occur and if they told me 6months ago that they would need/want to drill for many months before building then i would have sold at higher prices a long time ago... However looking at the chart it seems we are the last to know about this decision.

Again assuming copper price holds and ramp up goes as planned then current sp isnt too bad a buy, however their expenses (drilling) will keep it low for now i think.