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Ann: Proposed Takeover for Andean Mining Limited, page-12

  1. bluebottle
    60 Posts.
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    22/12/23
    16:39
    Post #: 71595108

    The immediateplan with Andean's high grade underground S Barbara development in Colombia seems to be to commission a 50tpd operation [ie c18,000tpa],producing in order of 10,000oz pa gold which at gp US$2000pa might surplus in theorder of US10m pa.

    The ambitionis then to delineate enough additional reserves to expand to 250tpd.

    Which wouldobviously be „transformational“, enable taking the phosphate through FSto FID, explore any big picture at SB etc.

    AGR Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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