Not sure how to respond. I was just making a value comparison based on current MC, current cash, FY2017 production guidance and costs and I also explained some old views I had on the company that caused me not to invest at the time. Happy to hear your views on SAR. Have you got an expectation on how much cash SAR might have at the end of June 2016 and then the following year in June 2017? Eshmun
Ann: Change in substantial holding-SAR.AX, page-5
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