Andes Gold Corp (AGCZ)

[Dyson]

AGCZ: $1 Billion gold reserve could make Andes Gold fly!

My new pick on gold is AGCZ. This new gold company has been showing good momentum for a while with more popularity these days. Andes Gold Corporation engages in the mining and exploration of gold in Ecuador, South America. This company holds the rights to the Miranda Alto concession and has assessed the economic potential of the land; so AGCZ has an ACTIVE gold mine in development and it has now obtained the necessary funding to increase reserves and upgrade the mill to increase production with almost $1 Billion in reserve!
Please check out: http://finance.yahoo.com/news/Andes-...31657.html?x=0

Put AGCZ on the top of your watch lists for Thursday.

Gold prices will increase over the next 10 years, say experts! Hulbert Gold Newsletter Sentiment Index (HGNSI) is 40.3% currently versus 67% in late July. Hulbert was bullish about the gold market: he believed that the gold price was very likely to keep going up in the short term.

According to Goldman Sachs: gold will hit $1,730 within 6 months and $1,900 in 12 months. (please note that gold hit $1,800 within days after this Goldman Sachs' forecast)??

According to JP Morgan: Gold could test $2,500 by the end of 2011.

An analysis by the Standard Chartered bank suggests that the gold price will triple due to shortages in gold production. The demand for gold has been growing at a much faster pace, driven by purchases of gold by Asian central banks.

AGCZ?s Miranda Alto mine is active and is currently processing 20 tonnes per day of ore, producing 1.0 oz per tonne of Gold and 15g per tonne of Silver average from shafts within the Miranda property. These tunnels have more sites ready from where the company could increase production, but not until the processing capacity of the plant is improved where some workings are already underway. In the short term, the company plans to increase production from the mine up to 100 tonnes per day.

Only on the Miranda vein, the company has 95,000 oz. of proven reserves and inferred resources from the 700 level on miranda, azul, estrella, sul and viscaya veins are 600,000 oz..

Please take a look at its production photo gallery: http://andesgoldmine.com/photogaller...#!/Ecuador-id5

AGCZ has big local resources. The Miranda Project is located in the cantons of Zaruma and Portovelo, Province of El Oro, southern Ecuador. Zaruma and Portovelo have respective population of 29,000 and 14,000. These mining towns provide both the labor force and all other facilities a mining operation needs (e.g. hotels, food supply, material supply, communication resources, public security and government institution representatives).

AGCZ is already an income producing company processing 50 t/day of ore from two different shafts using four primary Chilean mills. The property is surrounded by several concessions. The Miranda concession is the key to the neighboring four concession areas, as it is located on a mountaintop and is connected to the most tunnels. The concession area towards the north and also the concession areas towards the south are accessible via the Miranda tunnels. Acquiring the surrounding concession will give the company a resource potential to be the biggest gold producing company in the area.
Why should one invest in AGCZ?
AGCZ has 16,000,000 grams (500,000 oz) Au estimated resources which is almost $1 Billion in reserve!!!
Its reserves being increased substantially through new concessions and a mining tunnel
It is a low cost cash producer using super low cost local resources.
AGCZ has superior exploration and development prospects.
It is a highly liquid gold vehicle with good leverage to gold price.
AGCZ is comprised of high performing management and operations team, focusing in delivering value to its shareholders.
The company has its own mill to process its ore and is not dependent on other milling operations.
Gold is fundamentally a currency and in periods of increasing demand for gold the upward price movements can be more rapid and larger than in other currency markets. There is a finite amount of gold available unlike paper currencies. Gold is considered a safe haven during times of geopolitical uncertainty.

And AZCZ is in the goldmine sector looking to flex its muscles with existing production and huge expansion having now obtained a necessary funding for its $1 Billion reserve!
That's why I think AGCZ is quite a super bargain now while it's still trading around 1.5 cents.

For more INFO: http://andesgoldmine.com

Always do your own research and consult with your own investment professionals.