RE: Welcome on board! - Thanks IQ!60 Million market cap is peanuts for a Gold Producer that will have a guaranteed +6 million $ revenue for the next 12 or so years (Maybe more, usually resources add on after more exploration is conducted). And the important thing to remember is this was only on calculations for Pine Cove!
Keep in mind, In a few years (Two) Gold should be well over 1000$ (1500$ by 2010?). So that 400$ an oz figure should be a bit higher.
The kicker was supposed to be Pine Cove ( A kicker that should value the company at a minimum of 50 Million Market cap since that would be 1x revenue for 12 years for ANX, which is VERY conservative)
But San Gabriel (Chile) is the monster, and that alone should have this valued at the moment at 60 Million (Very High Grade FE%)
A 110 Million Market Cap seems accurate enough and this is short term.
Just think what a junior can do with a few million dollars a year.. Usually Private Placements are needed to garner this much money, that will not be the case for Anaconda and this will benefit all shareholders in terms of Outstanding Shares and Company Growth.