Unfortunately, "mining" SHs is the basis of the business on Canada's venture exchange! (well documented and shows no sign of changing!) The efficiency in this area far exceeds that of drilling, blasting, scooping, refining or investigating these motives.
When the success rate from exploration to production of cos listed on the Venture remains at approx 3000/1, "investing" on the Venture is no doubt "playing" in a very high risk sandbox!
SAN, no doubt offers some evidence that "success" is imminent, but, IMHO, only after the "process" of mining (drilling and blasting!) SHs has satisfied those in control!
Market psychology guarantees their success and they play it to a tee!
It may rate as the world's 10th oldest profession, mining SHs that is! (Although it does have overlapping characteristics with the world's oldest!)
Needless to say I remain a skeptic of all markets, particularly the Venture, the market SAN finds so difficult to take leave of. Is there malice aforethought? (Ie, is it an easier market from which to parlay your manipulation, milking the ultimate "cashcow," the common SHer?)
"Prove me wrong" would be my ultimate wish!
RUF