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Message: Finally a flash with reality
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May 25, 2009 04:40PM
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May 25, 2009 04:57PM

May 26, 2009 06:04AM

The reality is that Dale has long had the opinion ( and I agree) that the intrests of shareholders are best served by proving Oz in the ground...

The finding costs / Oz are very low.. $10 or so.... proving those Oz is much more effective at making SGR a takeover target than production.



The 200 man crew has been busy developing the SGR complex of future mines for a sutor.... You guess who?? could be anyone of the big guys or a mid tier or even a HBM.

SGR is looking a lot like the oportunity Harmony had in the days of REA.... Except SGR is in much better shape. The perfect storm is approaching..... When one makes a move others may also throw their hat in the ring.

I'm not concerned concered about the production as the development is what the sutors are looking for... They will pay dearly for the future production capability in place , the decades of resources in the ground and the huge land position capible of providing many more decades of resource potential.



SGR is an exploration play with infrstucture.... not a production story.

A takover taget is the end game.

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May 26, 2009 08:12AM
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May 26, 2009 08:36AM
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May 26, 2009 01:07PM
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