"I subscribe to the theory that it's very important to get the share price above $3 a share. US stockbrokers cannot recommend a stock below $3 so staying a penny stock is the kiss of death.
If you look at the share price of Novagold, Silver Wheaton, Silver Standard or Goldcorp, when the shares went above $3 they took off as the brokers brought in ten times more potential buyers. That's a management decision and that's why they get paid the big bucks." Bob Moriarty
SAN is on an aggressive program to increase both the number of ounces produced and the number of ounces in a 43-101 resource. They are estimating a target production rate of 250,000 ounces yearly by 2012.
Another Goldcorp? Let's not get ahead of ourselves!
Right now $3.00 would be sweet!
RUF