Well while we wait for management to get a roadshow going which im hopeing is imminent, thought I would point out the positives being totally ignored in a strong gold market, its nothing I havent posted already but it is something investors should take close note of while SIH sits at very attractive buying levels:
From the latest pressentation nov 09:
�� Upgraded resource up date expected May/June 2010
�� Aim will be to increase the potentially economic resource base by 50 to 100%.
Current resource is 1.01mil oz so 50-100% increase = 1.5miloz to 2miloz
7 drill rigs currently on site this is compared to 1 drill rig management previously where working with a year back
Greg Entwistle "ex Martabe project director" now the DFS Project Coordinator/Manager for Sihayo Gold
Paul Willis "Ex Moly Mines CEO" now director & substantial holder of SIH
Potential Producing costs at $442 this is compared to $1142 gold price at the moment
Aim to be in production by late 2011
We believe there is potential for a "multi million" ounce resource
Numerous untested targets outside the 1mil resource that could have substantial gold potential
�� Excellent potential to extend resource base and mine life
Recent funding package all taken up by substantial share holders, Paul Willis & Indonesian investors Summit investments
SIHAYO GOLD LIMITED
Fully Diluted shares on issue : 503,676,924
Share Price: .07
Market Cap: $35mil
Cash In Bank $5mil - $7mil
Market not pricing much in for a advanced gold explorer to become future producer, lack of promoting pretty much has no one interested or no one aware of the potential here, so once management get serious about promoting things should change very quick, upside share price potential is very big from here with downside very limited, but it all comes down to managmenet getting out there & making the market aware of the story.
Dyor...
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