This would insinuate a takeover if Andean reaches 300m oz ag equivalent at somewhat near grades of $6 billion AUD - or slightly less than 40 times the current undiluted market cap. I'm optimistic they may have MORE than 300m oz AgEq.
Even call it 30 times when including director PRs/options etc + dilution to raise cash for exploration that would be a tremendous outcome for SHs. This also discounts Cerro Diablo and Los Domos which for various reasons I am very bullish on the potential + M&A that has been alluded to and the proven eye for value that management have shown acquiring Cerro Bayo.
My only regret is not buying more at ~30c with the infrastructure, management, existing resource and prospectively screaming under valuation at the time, this has a chance of being a unicorn type investment particularly if silver moves significantly above $50 USD breaking the 45 YO chart cup and handle pattern.
GLTAH & IMO
ASL Price at posting:
$1.05 Sentiment: Buy Disclosure: Held
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