Fisher, your question, while a good one, I believe has been answered by His Nedness himself!

Aquisition of a position in any co the size of the position he controls in SAN is not purely speculation. The red phone on his office desk (the old dial style) is a direct line to Dale! (which as an "insider" he has every right to!)

Giant Yellowknife mined a very similar geology successfully for 30+ years, whose SP in 1979 was N of $12/sh.

Goldcorp of course is another story.

A comment this week from a former miner who holds a substantial position in SAN was simply, "They are terrible miners!"

I consider that a positive as an investor, "cause they can only improve from here!"

The resource is there and will no doubt be accessed by someone (If not SAN, in the reasonably near term!)

RUF