please read the following article from our neighbor AngloGold.
anglogold is looking forward to ramp up to 300,000 ounces a year in the short term. so saracen is a good takeover target. our market cap is below 240 mils and have min of 120 oz gold per year. Only 11 Kms from its WA mine. it is quick way to reach Angelogold target.
"Anglo wants to add another 100,000 ounces a year at Sunrise Dam, where $60 million has been spent on exploration in recent years, by expanding underground operations and extending the mine life by up to 20 years.
"Lots of commitment to exploration and we're always open to other opportunities that come our way," is where he sees the remaining 200,000 to 250,000 ounces coming from.
SAR Price at posting:
38.4¢ Sentiment: None Disclosure: Held
