China Armco Metals Inc. (CNAM)

[value1008]

Hi Bogus

I think there's a typo in there (2nd para):

Net Margin of 0.05%

We're actually talking 5% or 0.05, right?

THANK YOU for the workup of the numbers. I fully agree with you and was delighted to see you sleuthing out, e.g., some of the nuances on how their margins will improve, and that factor of surplus recycled product beyond the present contract.

Well done!

Btw, i first bought 3k shares at $3.70 in early Feb. and have added a whole bunch more at the mid-$6 level. I'm trying to see about getting more funds to buy at the low-$6s today --though with the silly bad sentiment over the recent private offering, i may wait to see if she dips into the high $5s. This is a "steal" at this price.

--Timothy