Has anyone compared IDC to the old (taken over) Andean Resources AND?
AND had tenements in Argentina with a very similar resource to IDC
'The Cerro Negro mine contains at least 2.54 million ounces of gold and 23.56 million ounces of silver, said a statement.'
Source - http://news.smh.com.au/breaking-news-business/goldcorp-bids-for-andean-resources-20100904-14urg.html
From memory their cash cost to mine the gold was $25/oz after silver credits. Sorry I haven't got a source for this so take it with a pinch of salt.
Anyway Goldcorp took over AND for Canadian $3.6 billion
Source - http://www.proactiveinvestors.com/companies/news/8140/-goldcorp-snatches-andean-resources-in-36bn-deal-trumping-eldorados-earlier-bid-8140.html
The article quotes Gold Corp saying there was potential to double or triple the resource. Sounds familiar to what IDC are saying in fact it seems to my mind that IDC are using the same the script.
Has anyone compared IDC to the old (taken over) Andean Resources...
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