Yesterday, it appeared by the math I had done that the take out price of Andean was approx $1100.00 per oz in the ground. I guess I was a little low:
Goldcorp is paying $1,400 per gold equivalent reserve. (this was from a release on Andeans home page)
When G & S reported SLI 18 month target price @ $2.70, lets remember they used $75.00 per oz, (somewhat conservative) Also remember that did not include the anomally, and who knows, the anomally might be bigger than we know now, we'll see when the next Quantec survey gets reported. It also did not include the entire property.
Hopefully the little run we had Friday (price & volume) is only the start!
