Ann: Saracen Acquires Kailis and King of the Hills Gold Projects, page-10

keeping king of hills would have been a risk and selling them seems more realistic.save capital expenditure, risk of high cost saturation to other cheaper producing mines and reversing the provisions will relieve the financial position and allow for better credit rating on debt .You cant assume gold will stay high with the way the world is going . 1100 production costs were high for sbm at keep at Hills. 3m is get rid of it and move on..... PV of future cashflow. maybe sar is closer to it than sbm and save the extra considering the debt that needs to be controlled .