thin trading, page-29

Agree Yanlin - that catalyst would be mgt keeping investors fully & regularly informed of their ongoing efforts to reduce costs. Could be something as simple as holding an AGM at a local pizza joint (just joking - but you get my point).

History teaches us that gold equities can't continue indefinitely to underperform the POG. High costs are the main thing holding back SP performance of many goldies - such as SAR.

Total industry production costs have increased from $200 per ounce in 2002 to $700 per ounce these days (not including all-in-costs). Interestingly, when the POG was lower than today & SAR's costs around that $700 average mark, our SP was significantly higher. Now, the perception is that SAR is a high-cost producer (& any increase in the POG seems to have very little impact on SAR's SP). Once SAR's management convinces the market (via regular annoucements) that this is no longer the case, there will be a correction and more instos will jump on board. Until then, we can prolly expect thin volumes and bot trading.

In the meantime, check out this interesting interview with Brent Cook (Juniors to hit a fiscal wall). As a mid-size producer with no funding issues, SAR is well placed moving into 2013.

http://www.kitco.com/kitconewsvideo/