cerro pfs

See

http://www.marketwire.com/press-release/Andean-Resources-Ltd-TSX-AND-914340.html

A bit suprised at the pfs production numbers considering the current resource, looks like they went for any oversized plant, higher capex lower opex route....i like it. Would have thought peak production of ~250kozpa, but obviously management are confident of expanding resources and raising additional capital (if they are planning to do this......). I like it.

Also didnt make mention of production in gold/eq

Using ANDs assumptions of US$700/oz and US$13/oz gold silver ratio is ~53.8 giving

2011
koz Au/pa
292
koz Aueq/pa
358

2012
koz Au/pa
353
koz Aueq/pa
423

2013
koz Au/pa
350
koz Aueq/pa
404

2014
koz Au/pa
211
koz Aueq/pa
234

2015
koz Au/pa
109
koz Aueq/pa
109

2016
koz Au/pa
48
koz Aueq/pa
48

Gold eq production peaks in second year at ~420 koz based on current plan.

oz/pa/Capex produced also looks ok.

306koz/US281M capex ~ 1.08koz/US$M (actually better than this if you discount 2016/15/14)