I will not be surprised when Saracen Minerals do not achieve it's downgraded 110,000-120,000 ounces of gold production forecast in 2012. What it does produce should only be at a cash cost A$975-$1030 an ounce, due to low grades. I am surprised that there has been less outcry over the dubious director and related party selling, curiously one month prior to this becoming known to the market...go figure!
is sar a decent proposition, page-52
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