St Andrew Goldfields Ord STADF

RE:RE:Mine reserves dropping

[TedOwens]

Yes Taylor is a major asset for St. Andrew but its size and scope is well below what would be when gauged against what would be needed to be discovered and developed in order for the company to break out of the crowd in the penny stock segment.........With reserves dropping at Holt-Holloway, and with Hislop returning very marginal exploration results, brings with it a major need for a review of its exploration policies if the company wants to have growth as its opportunity base moving forward.......As CEO Chuck Jeanns of Gold Corp stated recently, unless some major advancements in exploratory technologies come into the forefront of this business, its only a matter of time before the vast majority of gold explorers/producers, St. Andrew included, find themselves in negative growth positions and associatively, the stock prices along with them......If Gold Corp says that they will find less gold over time what chance do the smaller players have....Bottom line is that St. Andrew has the land base potential but has neither the deep pockets nor the explorative clout to take advantage of it......