St Andrew Goldfields Ord STADF

RE:Benj on BNN

[TedOwens]

What was more significant about the SAS buy was that Benj mentioned that it was for the firms president account......Nonetheless, SAS is clearly a long term hold with stability built into its business model but on the flip side, it also represents a flat line replenishment style of exploration and development play which intrinsically relegates it as a neutral to moderate growth opportunity for short to medium term investors......Bottom line is that St. Andrews has been around a long time and will be around for a long time to come but if one looks at the historical exploration and development output cycle ratio over time, it is clear that their business model represents conservancy at best......