market cap, page-10

nickbell47,

Agree with your points, especially regading exploration potential.

However the case for the 4ktpa operation from the original PFS includes low grade open pit production combined with the high grade E West ore, which is probably why you see not much change in NPV, and i think its also detailed in the recent presentation.

The kicker is if AND can find additional high grade ore with current drilling or further discoveries they could expand back to this original tpd case but with 100% high grade ore....

Agree with your thoughts on BSG, held options and heads, would hate to think what BSG market cap would be in production now. CDE takeover is the incompetent leading the blind.

Great post, and very well done on AND!