St Andrew Goldfields Ord STADF

RE:interesting read

[TedOwens]

Yes interesting read.......The first comment that comes back from most investors on St. Andrews is the significant royalty stranglehold which is in place on all of the companies producing assets which with the current price of gold, considerably reduces the amount of free cash flow which would be available to reintroduce back into both production and exploration pathways to organically grow the company in this tough market........St. Andrew has a considerable land pack available where royalty obligations do not exist and if a major discovery can be made away from the current royalty project environments (Taylor still has a royalty attached to it which leaves little money left over at todays gold price) a true major breakout is possible.........