Re: Comparing CRK with SAS and BRD
in response to
by
posted on
Dec 17, 2011 09:05PM
Edit this title from the Fast Facts Section
Thanks TeleProbe.
I think your situ value on SAS is currently to the high side.
What I like about SAS is the head grade of their reserves. Coming in at around 5g/t is considered very high in today's standards. SAS have a humungus land package in the Timmins area and is considered to be perhaps the largest. This area of Canada has a long history of producing high grade Gold and my feeling is that once we get more info on the future "Taylor" mine, it will surprise many. There is a long history of exploration on the Taylor claim and some very impressive drilling results.
Another thing which I like about SAS is their Management Team and recently they added a very impressive individual to the BoD. We are probably going to see the expiring of about 14 million warrants @ $1.70 this Jan-Feb 2012 and alot of options as well. This will reduce the F/D-O/Shares.
Basically these guys have spent over a decade being an explorco and are now a producer on a very very very good fault line, in one of the most prosperous Gold deposits in the World, and they have claims for over 100 kms on this fault-line.
These guys have all their Finances in order and production costs are being reduced every quarter as total production increases. SAS will produce over 100,000 ounces in 2012.
Skier