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Gold/Mining/Energy : Andina Minerals
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To: Nostradameus who wrote (38)2/16/2007 8:09:00 AM
From: james flannigan  Read Replies (3) of 106
 
Martin I did make a mistake on that last post.But I think that Kinross will be very interested in ADM as the ore is close and could be trucked to K's mill.This would have a major impact on the project economics as they could cut the cap cost down by avoiding new camps, power, and a new mill.Kinross would be foolish to let ADM prove out 5 to 10 million oz beside there project and leave the deposit to the likes of Newmont or Gold Corp. Barrick and Homestake both made a bid for Argentina Gold only after a few dozen holes.With the fact that ADM is likely chasing 5 million oz this year,it is my view that they are already a target as the stock is undervalued and Nesbitt Burns likes to position its clients in take out targets. James
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