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Wall Street Grand Report
Company: Andes Gold Corporation (AGCZ)
Current PPS: $0.285
AGCZ announced that it has opened final discussions to acquire the "Roman Mine," a neighboring property.
The company is pleased to announce that the negotiations for the strategic acquisition of the "Roman Mine" are well underway; discussions started in July of 2009. The property has huge advantages to the company as it has an additional access road, site for an expanded work camp and will add a new access tunnel making three tunnels in total. The company expects to conclude this acquisition on or before February, however several milestones including feasibility study and long range production goals need to be completed as part of the due diligence process.
"The acquisition of the Roman Mine will add two new virgin gold veins of ore production," stated Alex Diaz, President of Andes Gold.
Remember, AGCZ is still UNDER $0.30 and just started trading this past week!
The main value we see in AGCZ is the fact that not only is it already producing but it has a substantial amount of proven and probable reserves! We will be getting more info this week.
Many companies like AGCZ could explode in the short and long-term with where gold prices are going. Think about it … the Fed has still done nothing to stop the US Dollar from collapsing and for inflation to hit in 2010. We could see gold head to as high as $2,000 an ounce this year and gold still closed on Friday at only $1,154! Remember, if we value gold adjusted for inflation’s gold high in 1980 of $850 it would actually come out to $2,300 per ounce in today’s dollars. Gold is set to become the safest hedge against inflation and by investing in many of these small cap gold companies you could potentially make a fortune once gold mania is back and we break through the recent 52 week high again! AGCZ is already PRODUCING gold and if they close on acquisitions like potentially this new "Roman Mine" we could see
AGCZ really start to take off!
Make sure AGCZ is on your radar this week!
More Updates To Come …
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