keep an eye on this one, page-15

here it is, this is the article that appeared in the AGE on the 25th june, written by Barry Fitzgerald

"Saracen Mineral

melbourne geoscientist Guido Staltari has a passion for collecting fine writing instruments.

His Saracen Mineral Holdings also has an equally strong passion - collecting strategic ground positions in its South Laverton project area in Western Australia.

The strategy got a move on in October 2005 when Saracen picked up a big land package and the Carosue Dam treatment plant from St Barbara Mines.

More recently there was the $7 million deal with Jackson Gold to acquire the Wallbrook gold deposits and associated land.

The end result of all that has been for Saracen's gold resource base in the region to grow to more than 2 million ounces of gold, plus untapped exploration upside.

Ownership of the gold treatment plant means that when the company says it is working towards the start of gold production over the next 12 months, there is no reason for doubt.

One of the toughest judges around, Baillieu's Ray Chantry, is one of a growing number around town that believes Saracen is on its way.

In a note to clients last week, Chantry said that Saracen was "one of the value gold companies in Australia". The stock closed down 1¢ on Friday at 39¢, which is less than half Chantry's 91¢-to-$1.08-a-share valuation range. The range was struck on a long-term gold price of $US645 an ounce and average gold production from the South Laverton project of 115,000 ounces at a cash cost of $US402 an ounce."