Stock Hero Advertisement
Home > Boards > Free Zone > All Fundamentals > ALERTS, CHARTS, & HOT STOCKS

$AGCZAndes Gold Corp. (PINKSHEETS: AGCZ), a gold mining

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
NYC Trader Member Profile
Member Level 
Followed By 1,164
Posts 133,425
Boards Moderated 9
Alias Born 01/25/09
160x600 placeholder
Eurozone Finance Ministers Contemplate 'Plan B' for Greece
Some eurozone finance ministers on Saturday acknowledged for the first time that they are considering plans on what to do if no deal on Greece's future financing can be reached by the end of June.
Top Equities Stories Of The Day
Comcast Spent a Lot for Little in Merger Lobbying Blitz
Nasdaq Composite, S&P 500 Close at New Highs
Mylan Raises Bid for Generic Drug Maker Perrigo -- 6th Update
AT&T Looks To Bond Market For DirecTV Deal
Facebook's Zuckerberg 2014 Compensation Valued at $610,455 -- 3rd Update
GM CEO Mary Barra Earned $16.2 Million Last Year -- Update
BlackBerry Mulls Closing Sweden Operations
MetLife Could Take Page From GE, Analysts Say
NYC Trader Member Level  Friday, 03/30/12 01:24:48 PM
Re: None
Post # of 148925 
Andes Gold Corp. (PINKSHEETS: AGCZ), a gold mining company with existing operations in Ecuador, Chief Executive Officer, Robert Talbot, today released information about the company's existing gold reserves, the viability criteria used to establish such reserves, and the potential for future expansion.
"We have seen a lot of speculative press announcements and analyst propaganda over the past few years as the price of gold has exploded," Mr. Talbot explained. "Investors need to consider several factors before believing the hype. First, are the reserves proven? For Andes Gold, we don't consider reserves 'proven' until our mining efforts have reached the gold and we've had an assay study done showing us the concentration of gold, its purity, and the extent of the vein. Many companies out there proclaim to have found gold but are, in fact, several years away from reaching that gold, let alone proving the value and extent of the find.

"Second, and just as import, the gold must be economically viable to extract. Again, we've seen claims of massive gold reserves when in reality, the cost to mine and process the gold is greater than its value. An investor should always ask the relevant question: how much gold per ton is being extracted. At Andes Gold, our average is one ounce of gold per ton of aggregate. What this means is that we can extract and process our gold profitably."

Discussing proven reserves, Mr. Talbot added, "Right now we have proven reserves of over 300,000 ounces. This is gold that we have found, tested and are currently mining. In addition, we have located additional reserves on site and have been evaluating these reserves. We expect that, once the evaluation is completed, and the new ore is tested, our proven reserves will increase substantially."

Although I claim to know what I am talking about, All
material posted by this poster (cherrob) is for informational
purposes only and should not be construed as an offer or
solicitation of an offer to Buy or sell a stock.
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist