RE: closer look--??Nice map, unfortunate hole. The market isn't taking any prisoners right now at the best of times and anything "substandard" will not get treated kindly. You can at least comfort yourself that SA is in good company - lots of stocks getting whacked.
Is the hole 11 stuff minable? Maybe, depeds on what a pit shell ends up looking like, if they were going to be very close they would probably take the top 90 meter intersection though it would be marginal. Hopefully 13 is better. Many people on this board make overly otimistic assumptions. I still think the project has a lot of promise and lots of targets but they do need to have a couple of holes come through. Everyone is taking about being an investor not a trader. Well, if you deal with exploration stocks, and I don't care what the company is who runs it or how much stock they buy, you need to approach it as a trader. That doesn't mean flipping stuff every week. I have stocks I like but I still like to sell some of the position high and buy low where I can to lower my average cost. That's common sense. Show me anyone who tells you they are buying and forgetting exploration stocks and I'll show you someone who is going to lose alot of money unless its a sreaming bull market.
Will this one work? I don't know and neither does anyone else yet, including SA management. I will say one thing though, which I know most of you will diss or ignore. They don't have nearly enough tonnage yet based on wiggys map, and they know it - its the reason for the patterm they are drilling now, trying to stretch out the boundaries. Hopefully they hit and the stock goes to the moon. That sexond drill which should be alot faster, will help a lot too I think.