"These results are very significant to the extension of mine life at Holloway, with current reserves, resources, and mineralization supporting mining operations until the end of 2017, and potential for further upside." added
Duncan Middlemiss. In the fall of 2014, Holloway 4th quarter 2015 ounces was anticipated to be almost depleted, then new drill results extended the mine life till the end of 2016 earlier this year, now mine life is extended a year beyond that.
Take a careful look at Figure 4, very encouraging!
Also, the Holt Figures seem to depict that infill drilling will result in a significant upgrade in reserves/resources when management announces their annual update in early 2016 (latest time estimate when I recently talked to management).
With Taylor still expected to come on line in the 4th quarter, Primero's recent positive Grey Fox drilling results for a deposit that appears to extend into SAS property (continued growth through potential joint open pit venture 2-3 years from now), extended mine life at Holt and Holloway, SAS will be sitting pretty if gold ever catches a bid, a speculative assumption in a crazy world economy. Food for thought....
Will the brilliant John Hussman's valuation metrics stand the test of time?
https://www.hussmanfunds.com/wmc/wmc150803.htm
Will Doug Noland's bubble analysis prove correct?
https://creditbubblebulletin.blogspot.com/2015/07/weekly-commentary-lessons-of-2004.html
Will Jim Grant finally be right?
https://www.kitco.com/news/video/show/Kitco-News/1029/2015-07-23/Im-Bullish-On-Gold-Fed-In-A-Hurry-To-Raise-Rates---Jim-Grant
Will the US dollar/Canadian dollar exchange rate keep SAS profitable despite a bear market in gold?
https://www.bankofcanada.ca/rates/exchange/daily-converter
Is the market cap of organic pet food correctly priced relative to SAS's lowly market cap, or is this a sign of something gone seriously amiss?
https://www.streetinsider.com/Hot+IPOs/Blue+Buffalo+Pet+Products+(BUFF)+IPO+Surges+35%25+in+Debut/10742018.html
I don't know, and I've been wrong for years. Nevertheless, my money's on slow and steady SAS.