With a prospect of producing 250K ozs gold p/a, Andian Gold could be a takeover target.
The rough fundamentals are: Production: 250 K ozs p/a (low forecast) Cost: $200 usd/oz No of shares:470 mil Forecast eps 52 cents PE of 15 $7.86 per share Current SP $3.18
Given the ongoing improvement of resource discovery and it's low cost forecast and it's no debt position, AND should be on the radar of the gold majors.
AND Price at posting:
$3.20 Sentiment: Hold Disclosure: Held
