It looks like ANV has enough cash to tough it out for 6 to 12 months.
If you are bullish on gold and have that time frame, I think ANV is a good speculation at current prices.
I believe that it should be viewed as a call option on gold with a 6 to 12 month expiration.
The company could go into bankruptcy at some point, but that does not look imminent to me.
At $1350 gold or there about, ANV will start to look very good.
That price is not that far away.
They have proven assets that have great value at higher gold prices.
If you are a gold bull, you want to hold stocks that can benefit greatly from higher prices.
ANV is clearly in that category.
goldguy