Matthew Allen, CEO of Andean Silver Ltd | Rule Symposium 2026: Rick Rule interviews
Summary
Andean Silver grew its Cerabio silver-gold resource to 111 million silver-equivalent ounces after buying the Chilean project for $4 million in 2024.
Upcoming catalysts include a resource update this quarter, 65,000 metres of drilling over 12 months, and a feasibility study due mid-2027.
Australian listing rules block publishing scoping-study economics while the resource is substantially inferred — a constraint TSX-listed peers avoid via preliminary economic assessments.
Institutions including Sprott, Equinox, and Scotia hold 54 percent of the register; the company reports A$410 million market cap and A$54 million cash.
Management targets a mill restart in 2028, with an internal scoping study indicating a 10-year-plus mine life from the current resource.
Rick Rule's takeaways
- Top takeaway Rule frames Andean Silver as a value-versus-price story: a year before the interview its market cap roughly matched the replacement cost of its infrastructure, which he described as getting 25 million ounces of silver for free, and the market cap has since roughly tripled, so he pushes for study-level NPV data to anchor the valuation.
- He argues silver has been particularly generous to his investment audience over 30 years, going back to the Silver Standard and Pan American Silver days, and expects audience interest to follow the sector.
- He tells viewers every public company exhibitor at his July 2026 Boca Raton symposium is vetted through sponsor ownership of the shares, backed by a money-back guarantee he says has cost only about one-tenth of 1% of tuitions over 30 years.
- He expects attendees at his mid-2027 conference to have a reasonable picture of Andean's bankable feasibility study and what its reserves and resources are worth.