Nice work Vendor, exactly the point I was looking to make. Another way I like to look at it is what Andean paid per JORC OZ for the asset.
My understanding is that Gold Corp paid about $1300 per JORC oz in 2010. I'll leave the maths to others, but you do not need to be a genius to work out what the potential value of ABU is based on the above using the current POG.
No question, Gold Corp were paying for blue sky exploration potential, ABU have plenty of that IMHO.
Hope you do not mind me asking Vendor, based on your knowledge (as shown in your last post) and in my opinion quality of post, I just wonder why you do not hold ABU stock?
ann: abu sets out staged approach to gold prod, page-46
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