So far it looks like we have at least one million ounces in two of the eleven gold bearing zones. This gives an in ground gold value of $435,000,000 so far. It will cost between $25,000,000 and $35,000,000 for a processing plant. A conservative cash cost per ounce to treat is around $135. That to my workings gives a resource / share value at $1.40 per share. The company has some very big hitters on the board. For more info click the link.
IMHO.. Andean has a very good chance of being the best performing stock going into 2005.
PS...I hold 1.8 million shares
So far it looks like we have at least one million ounces in two...
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