<<<MNEAF particularly impressive that Allen made certain shareholders wouldn't suffer any dilution, at least, I'll give him the credit.>>>
Ambrose has replaced Telfer in my list of shareholder minded CEO's...... <vbg>
I thought you and a few others would be interested in this Email I rec'd from their IR earlier today under the title of Minera Andes is accelerating....."
I've bolded the part that intrigued me the most. Can you imagine what 9 billion #'s of Cu might do to the pps?
SAN JOSE GOLD & SILVER PRODUCTION NEAR:
Gold and silver production at Minera Andes' San José project is expected to come on line the first half of 2007. The feasibility study completed last year places the annual production rate from this mine at 61,000 ounces of gold and 3.1 million ounces of silver with significant potential for expansion. San José contains high-grade gold/silver mineralization running at about one-half ounce of gold equivalent per ton of ore. All-in costs per ounce of gold equivalent are placed at US$200. This gives the project good leverage when market prices rise for gold and silver, and downside protection in cyclical markets.
SAN JOSE EXPLORATION - THE REAL GROWTH:
Minera Andes specializes in gold, silver and copper exploration. A decade ago our management team correctly believed Argentina was going to be a new mineral frontier and we're proving that potential. At least 15 gold/silver discoveries are located in the 99,000-acre San José project, including five in the immediate mine area that have been made since 2005. We're only beginning to determine San José's possibilities, but we know they include the evolution of a multi-mine district.
LOS AZULES COPPER PROPERTY:
Our Los Azules copper discovery in central Argentina is currently undergoing an economic analysis. This work is being done to complete our part of a potential partnership with Xstrata Copper. Work to date suggests that the original 3-billion-pound copper target is significantly larger, maybe three times larger, than originally thought. If we can complete our defined drilling program this season we could have the economic assessment in Xstrata's hands by mid 2007.
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