...in M/A activity, the explorer building up a resource through the drill would likely be cheaper per oz to buy then a starting producer because of the development and usually higher share float. Larger companies like Kinross would benefit taking over San because of the knowen 50 yr mine life and $ 600. / oz to produce!................keeping San in context over the last 3 yrs, Sans new finds near surface are the envy of the World. San may have over promised on production while exploration is adding value Bay ST. would not sell out cheap here as Sans posion pill would allow San to account for every oz. Going forward the share price well rise according to cash flow , increase in 43-101 , take over ...Traps7