Word around that Dec Gold options expiry indicates 1.1+ mill ozs on call for PHYSICAL DELIVERY. This is a first I can remember. If they default or offer USD instead, it will spike POG thru its current VIP 830 pivot and prob straight to the mid term descending wedge downtrend resistance line 100 bucks above. SBS should benefit with its own reversal as proxy to the POG. Zara is shaping up as exceptional. But important to also consider SBS is free-carried in other projects with majors hence at cash backing represents VALUE IMO. Btw,can someone confirm SBS still holds about 16% of TSX-listed Sunridge? whats the go with Asmara these days. I originally dumped SBS when the Asmara assets went to the bottom of the Canadian harbour ! But hard to resist probe-parcel return based on the golden stuff at current prices.
IMBOOC
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zara results inclusing 10m at 43gt gold, page-29
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