Stockchase Opinions

Robert Cohen B.A.Sc., MBA, CFA Andina Minerals ADM-X HOLD Jan 02, 2007

And interesting gold deposit in Chile. Low grade, but they have economies of scale. Uses a 5% discount rate to get a conservative target of $3.25. Good long-term hold.
$3.090

Stock price when the opinion was issued

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HOLD
Gold in Chile. Great management team with a pretty good asset that is growing. If everything continues to come together, he thinks it will be a pretty good acquisition for someone.
COMMENT
Expecting takeovers of high quality assets and could include Andina Minerals (ADM-X) in Argentina, which has a high quality gold deposit.