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dr_airtime

05/07/15 1:11 PM

#31823 RE: checkmate28 #31749

SAS.TO - nice pop this week & European Forum Webcasts

Still don't own but will definitely buy (cross fingers) on any trip back down into summer lows if it works like that this year.

Anyone find a reason for recent pop? Put SAS.TO in my Pick 3 contest so looking good for week 1!

Recent CEO presentation here + some other favorite juniors.

http://www.europeangoldforum.org/egf15/egf15-webcast/company-webcasts-alphabetical.html

Notes from webcast

- $21M cash, no debt except for some capital leases on equipment

- $100M $CAD Market Cap. I like this!

- Taylor production in Q4. All ore from Taylor will be trucked 70km back to Holt

- At Holt - recently added 130k oz into reserves in Ghost Zone. Sounds like 25% increase in resources (M&I) in 2014 but didn't catch this. Not increase in P&P but likely will be in mine. Long history of mining.

- **Taylor mine bulk sample was 9g/t and this puts SAS.TO up there with RIC.TO last year and their 10 g/t island gold deep resource. I'm hoping SAS.TO doesn't break out ahead of Taylor production here and take a run like RIC.TO did last year! Want to get some cheaper.

- Think checkmate said this first and here is what CEO says: "Were at 90-100k oz/year for last three years, but Taylor is probably going to give us 50% growth"

- Taylor - Are putting in ramp to bottom of 10-04 lens and will explore along strike and depth from there as haven't done this yet.

- Taylor "not as nuggety as we thought and pretty consistent throughout lens (10-04 lens)"

- Holloway - thought is might close in 2014, but extended through to 2016 now through smoke deep zone discovery of down-plunge. Will do 25k oz in 2015 so smallest mine.

- With Hollowy, Holt, Taylor, will be around 135k oz in 2015. Current guidance

- Hislop open pit depleted in May 2014 and this is mine that border's Primero's (Brigus) Black/Grey Fox zones.

- 4.8M in M&I resources with 830k in reserves so St. Andrews should have long life ahead of it between all the mines.