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Gold/Mining/Energy : Andina Minerals
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To: labbe who wrote (103)2/14/2011 8:59:30 AM
From: Anchan  Read Replies (1) of 106
 
At a quick glance, this looks rather good. 23% IRR at a reasonable assumption of gold $1300. $550 million capex to get 6.6 moz Proven & Probable Reserves out of the ground, and the whole thing still to be improved and increased in size by alternative processing methods, and by drilling.
I'll be damned if some majors aren't drooling over this already.
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