Ann: Saracen Acquires Thunderbox Gold Operations , page-52

re: Ann: Saracen Acquires Thunderbox Gold Ope... PhillW post explains how mining costs blew out massively. There is still plenty fat to be cut and easiest way is to start with a new operation that is unencumbered by current practice. T.box has everything in place. Modern machines will hack through the overburden and expose ore at an affordable rate. I don't know when SAR plan to start wk on new venture but the longer they wait the cheaper it will be when wk starts. SP strong today. Mixture of acquisition and higher POG esp in AUD. Making money now and that def helps.