Slug,

I couldn't agree with you more. When we are a 'in the black' producer that has not hedged a single bar of gold, the shooting is going to start.

But just a thought, don't you think that one of the big boys out there would see that it is inevitable that SGR will be cash flow positive and try to take them out now at these prices?

Or would that spark a bidding war at the wrong time, given the uncertainties in the market?

Personally, I think that with a companies like G or ABX having such a big warchest right now, they are pretty silent, and that worries me more than a low ball offer.

AK