Rabbitoh, looks like some interest in SAR is finally appearing, don't think we'll see SAR under 9c again, with pending announcement on funding due this month, as Guido highlighted SAR will go into gold production late 2009, thus with a market cap of $19m (@ 11c & all options >20c)
- 2.15m ounces gold inventory
- Carosue Dam processing operations facility in "excellent condition"
- $686 AUD/oz cash cost (ex.royalities incls pre-strip)
- 115,000 oz/pa inital production (total 216,000 oz)over an 18 month period, with only $23m funding require
- plently of labour available / diesel price lower
The announcement of securing $23m funding will be the next catalyst to SAR moving higher...........
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