National and Octagon both have $1.50 targets Its possible, given the very strong Q4 results and guidance that 2012 will see production as high as 100,000 oz and even lower cash costs, that these targets will be upgraded to higher levels.
In addition, gold reserves and resources increased by nearly 1.3 million oz in 2011.
It raises the possibility that next week could be a very strong week for SAS.
There is another possibility here as well.
The gold sector is consolidating.
The 100,000 oz production level is a very attractive one, as it seems to increase the possibility of a takeover or merger.