Bodean, I feel certain now funding is to be completed, the facts...

Bodean, I feel certain now funding is to be completed, the facts that we all have know about the value of SAR will come into play, all you need to do is look over yesterday's presentation & take into account roughly

- 190m shares approx currently on issue
- 140m shares lets say $25m done in placement at 18c

= 330m x 50c = $160m market cap for a company with

$120m - mill fully operational (connected to power)
100,000 oz /pa at $640/oz casch cost, lets say $500/oz nett profit $50m + in first year alone(SAR is using $1250/oz which although spot price is closer to $1150/oz, foward rates are still above $1200/oz)
SAR are confident theres at least 3 - 5 yrs, but had a stack of tenements & money to keep drilling, so yeah I don't think 50c is out of the question, ven higher when the increase resource/reserves. Remember pre placement 50% was of co was held by top 5, which included the MD No.1, Baker Steel & Rand bank, I imagine they will ensure that the bulk of the placement is in safe hands.

I'm with you SAR is going higher, although is highly leveraged to gold price, so fingers crossed gold remains at least at these levels, cause if AUD/Gold moves higher SAR will fly

DYOR - yesterday's presentation covers it