thinking outloud..

Wouldnt think theres much going on at SIH with the sp performance to date, but the following should start flowing up to Jan that may rerate the sp:


Hutabargot Julu Epithermal Gold Prospect:

Drilling has commenced late sept at the highly prospective Hutabargot Julu Epithermal Gold Prospect, would expect results to start flowing by Dec:

"The current drilling program will test multiple Epithermal Veins (high grade gold / moderate tonnage potential) and Hydrothermal Breccias (lower grade gold / high tonnage potential) and will consist of an initial 10,000m of drilling"

"The prospect is located 7km southeast of Sihayo Pungkut and has the potential to provide significant upside to our overall resource inventory”

Sihayo-Sambung Infil Drilling & Ongoing Exploration Drilling:

Infil Drilling commenced late sept, drilling results expected late Dec/Jan:

"Once the infill program is complete, ongoing exploration drilling shall target potential near-surface mineralisation along strike from the existing JORC Resources, which could potentially be included in
the early years of the current proposed mine schedule as described within the DFS."

DEFINITIVE FEASIBILITY STUDY (DFS):

Only a year late but looking at final DFS results DEC/JAN, with significant reductions in operating costs, once released SIH will move to the next phase, funding for the project & construction to commence in 2012 for production in 2013


Tambang Tinggi Gold Copper Prospect:

First stage completed, The next phase of drilling will require a larger capacity rig to test the porphyry copper gold potential at depth, likely drill Jan/Feb 2012?

Huta Pungkut Gold and Copper Skarn:

Another exciting target, Rock chips collected from skarn
zones have yielded up to 44.6 g/t Au and up to 18% Cu, still doing surface work so likely drilling early 2012


India (Diamonds):

Interesting to see in the quarterly "We are hopeful that a final resolution as to the status of the tenements will be reached in the December Quarter". From memory these were very exclusive diamond tenemants. Will be interesting if a positive outcome is achieved.

Malawi (Uranium)

Directors have entered negotiations to sell the
tenements and retain a royalty over any future production.



What The Market Thinks:

With a resource that will only grow as drilling continues on current & new targets, positive DFS to be released shortly which will result in SIH commencing construction in 2012 & production 2013, Gold price strong at $1700+ vs SIH $600's operating costs x 90,000oz x 7 years, with a market cap of $70mil + $10mil cash, the market continues to say Sihayo Who? & is valuing SIH as a explorer rather then a upcoming producer.


What Shareholders Think?

The share price is simply not reflecting any positive achievements made by the company to date, positive announcements continue to be ignored by the market & the day to day share price activity is beyond frustrating with not a solid onscreen buyer in sight, Nov 2010 SIH was hitting .27 a year later we are .10 but far more advanced then when we were .27, management seem to be very hard at work moving SIH forward to construction/production, but we have lost all market interest, roadshows need to commence & research reports released to attract new interest into SIH, with the top20 holding strong at 77% its hard to beleive SIH has retraced 60% off its highs & failed to recover any of the fall, long overdue its time SIH starts rerating to where it was 12months ago when alot less was achieved.