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kozuh

02/13/15 3:25 PM

#31680 RE: checkmate28 #31679

checkmate, thanks for your comments !!!

I am still hovering and greatly value your

insights.
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dr_airtime

02/23/15 10:19 AM

#31694 RE: checkmate28 #31679

SAS.TO buyout Candidate for Primero?

...trying to put a bunch of info into one post here for other's comments.

See slide 18 below which shows the Hislop results in the upper left. I'm comparing to slide 9 which shows that Hislop is adjacent to Primero's (formerly Brigus) Black Fox.

http://www.sasgoldmines.com/i/pdf/Presentation-nov-2014.pdf

Those drill results are chronicled in the Sept 2014 PR here and are interpreted as an extension of the Black Fox 147 zone:

http://www.sasgoldmines.com/s/NewsDetails.asp?id=122579

Click on the map at the bottom of the Primero page here and you will see that SAS.TO's Hislop property is directly south of any southern extensions of Black Fox's Contact, 147 and Grey Fox South zones

http://www.primeromining.com/English/Operations/Black-Fox-Mine/Overview/default.aspx

This post is timely and motivation was to look into Primero's 2014 Grey Fox Drilling results PR from today. Go down to bottom and look at all those high grades they hit on Grey Fox. They did not mention anything about drilling down to South towards SAS.TO's Hislop.

http://www.primeromining.com/English/News-and-Events/News-Releases/News-Releases-Details/2015/Primero-Provides-Exploration-Update-for-the-Black-Fox-ComplexMineralization-Expanded-at-Depth-Plus-Near-Surface-Discoveries/default.aspx

Looks like Primero would want Hislop eventually, but the rest of the company is different story and I haven't looked closely at SAS.TO's other assets. The $120/oz royalty SAS.TO reports on consolidated basis is quite the barrier to any M&A. Checkmate any comments here?