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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: DetectiveT who wrote (124510)7/21/2008 5:02:38 PM
From: Nostradameus  Read Replies (1) | Respond to of 314007
 
Great !! so 9.38 million onces at 0.5 g/t cut-off or 11.38 million onces at 0.4. and it excludes Ojo de Agua....

For a 315 m market cap while DGC is 2.6x times for a similar deposit.

and phase 5 is interesting too :

With the successful completion of the Phase IV resource estimate, Andina is beginning to
plan the Phase V exploration program anticipated to commence in October 2008. The
Company has received preliminary commitments from drill contractors for 10 drill rigs for the
upcoming campaign and a larger exploration camp is being constructed to accommodate
the projected increased staffing requirements.



To: DetectiveT who wrote (124510)7/21/2008 5:28:30 PM
From: Rocket Red  Read Replies (1) | Respond to of 314007
 
Looks pretty good now you just have to convince this market



To: DetectiveT who wrote (124510)7/22/2008 7:03:07 AM
From: dara  Read Replies (2) | Respond to of 314007
 
ADM. Back of the envelope calculation BJABOTB (by just another bozo on the bus)

market cap $280 million
oz of gold (M&I + I) 9.38 million

It's trading at $30 per oz. ???


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