re: bmo produced more silver than this dog Sabre,
The southern cross assets are not anywhere near world class assets! I know because i worked at yilgarn star and marvel loch. If you think a Newmont, Newcrest, Lihir, Barrick, Anglo etc are going to waste their time on SBM you have a lot to learn. The only way SBM is going to be taken over is by merger or scheme of arrangement with similar size companies in an attempt to try and make themselves attractive. Gwalia deeps requires a huge amount of money and has huge risks that's why SOG's couldn't get a JV partner. I suppose you can never say never in this game! Newmont Australia are suffering from declining profits and production and may just be desperate enough to spend $500M on SBM just to get some additional cash flow. After all, these guys aren't too smart! They sold Golden grove for $265M because it was a non core asset. Golden grove is making more profit than all of their gold operations in Australia and NZ. I would put more value on RSG than SBM. RSG has syama and if it could get it up and running and stop its hedging will overtake SBM in the next two years. RSG are horribly under valued! it may pay for you to ramp a stock with some potential. RSG will double in price well before SBM! Mark my words. MMn will triple in the time SBM takes to double! DYOR!
MMN
macmin silver ltd
