..can be view"d in different context"es..In Sans case, since they sold out to Bay ST. they are well funded in their treasure chest and can keep the 300 plus workers ( + 200 contractors ) going about their daily routine. Acting like a small gold town with a well paid work force and good entertainment down at the San Antonio why should little San in Bissett have to worry what Bay ST. traders do. Sans goal is to produce 20,000 a yr too meet their payroll while Bay ST. flowthrough there way to owning cheap shares. Sounds like a good mining plan, and is one that is very common in the Canadian mining Industry. Investors, investing in the mining sector should treat exploration and production Companies with different strategies . San has a green light to carry on for decades expanding her resources and unless a takeover offer comes in then tire counting is the plan....PS :

GRR: Let’s talk about this crack team you’ve put together for Dundee Resource Merchant Bank. You’ve hired engineers and geologists, not just finance people.

NG: That’s right. The formula is this: Let’s take advantage of 43-101s. Every one of my guys can write a 43-101 report—they’re engineers and they’re from consulting firms.

As you know, in the mining and oil and gas business, before a company can even tell you what they think they have in the ground, they have to publish a 43-101 technical report. Sometimes they can’t afford it; sometimes they can’t find the guy to write it soon enough.

When we see a press release that shows some good drill results, we ask, “What’s that worth?” So I get my guys, we go to the property, kick the tires, look at the drill results and we come home and write what we think the 43-101 is going to say. The company can’t tell anybody about the data until it’s public, but if you can figure it out without the company telling you because you’re smart, then you’ve got information that the public doesn’t have. It’s all there, you just have to do the work. And that gives us a great advantage.

GRR: What other tools do you have at your disposal?

NG: There’s a new device out there called a handheld XRF reader that can scan a drill core and give you an elemental reading right there on site. You know how difficult it is to get an assay. Sometimes you have to wait a month or more. Now we can go to an exploration project with one of those and pretty well tell what the grade’s going to be.................................................without prejudice traps7