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Strategies & Market Trends : Ride the Tiger with CD
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To: Goose94 who wrote (144111)1/29/2009 12:15:10 PM
From: Anchan  Read Replies (3) of 312983
 
Re: Andean Resources -- I remember that Claude Cormier didn't like AND.TO (last year, or in 2007?) because they had just too many shares out. How many shares indeed, fully diluted? About 300 million?
As at April 16 2008, the Cerro Negro project (Patagonia) contains a NI 43-101 compliant resource of 2.3 million ounces of gold. Recent drill results ought to add to this.
In November 2008, they had cash C$30 million.
To develop Cerro Negro, they'll need initial capital expenditure of US$281 million.
Might they face permitting problems in the future?
These new drill results are astounding... What's not to like?
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