Jaime Carrasco Andina Minerals ADM-X HOLD Dec 11, 2009

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.

Jaime Carrasco

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$1.950

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precious metals

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HOLD

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.

COMMENT

Expecting takeovers of high quality assets and could include Andina Minerals (ADM-X) in Argentina, which has a high quality gold deposit.

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Jaime Carrasco Andina Minerals ADM-X HOLD Dec 11, 2009

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Andina Minerals(ADM-X)

Andina Minerals(ADM-X)

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