Minera Andes, MAI on Alberta Message Board

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Gold/Mining/Energy : Minera Andes, MAI on Alberta

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To: lightning who wrote (325)	5/9/2006 11:47:39 AM
From: semi_infinite	of 340

McEwen has been super aggressive in getting shares under his belt. At Redchip conference (replay available at Redchip's site), CEO said cash flow from warrant exercise has been $1 million/week and yesterday's news confirms it. At the same presentation, he claimed estimated asset value of $9 billion at los azules. He didn't explain the assumptions that he used to come up with that $9B figure so I would discount it as mere speculation. OTOH, with up to 30 prospects on the plate plus SJ coming into production early next year, it's hard for me to fathom the true value of mai other than it's somewhere north of here and it looks like the market is finally grasping it. I am finally smiling after 2+ frustrating years.

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