Andes Gold Corp (AGCZ)

[True Blue]

If this was an outright scam why havent they brought production up by the end of March like stated?? Why the wait?? Could it be due process meaning its not so easy to bring production up to 100 tonnes? Scams usually happen according to plan and there are no instances where they need to wait for accomplishments since its all a grand lie.

Another issue I would like to raise is their balance sheet. Why only a marginal profit?? Wouldnt a scam produce blow out numbers to pump up the shares?? It seems highly unlikely the company doesnt exist and produce Gold otherwise they would be making claims that would be questionable ie revenues and profits. Another point is the fact that they own assets other than just the mine. If they didnt own their own mill I would definately tend to believe the numbers are fake. Why own a mill and be adding a second if there was no Gold being mined?? Are they lying about the mills?? That I find unlikely.

So, in contrast to our detractors, it needs to be realized that this is a small company with real hard assets producing both revenue and profits. They are painstakingly growing their production and not at a rate that is incredible. Although their ore grade has been in question I also tend to believe it is what it is. People have been mining this region before the Spanish arrived and its been one of the most prolific regions in the area. Claiming they produce 1 oz per tonne is not an incredible proclamation for the region.

People will either choose to believe or disbelieve. That is a constant in pinkie land. I, for one, choose to accept that I am dealing with a real entity.