takeover target

With a prospect of producing 250K ozs gold p/a, Andian
Gold could be a takeover target.

The rough fundamentals are:
Production: 250 K ozs p/a (low forecast)
Cost: $200 usd/oz
No of shares:470 mil
Forecast eps 52 cents
PE of 15 $7.86 per share
Current SP $3.18

Given the ongoing improvement of resource discovery and
it's low cost forecast and it's no debt position, AND should be on the radar of the gold majors.