RE: I am looking"SA can leverage the availability of cheaper labor as compared to say..Red Lake projects."
That is precisely why I invested in SA in February. At the time I was comparing the grades and lengths of the shallow drill intercepts (near surface) from Lombok etc. with those of Premier Gold (PG-TSX), a Red Lake-Goldcorp JV, encountered thousands of meters beneath the Bruce Channel. PG was then and is now still trading at about 2.00 per share.
The economic potential of the massive porphyry system at MB is now more comparable to the hottest Red Lake junior mining co.- Gold Eagle (GEA), trading at around 7.00. Again, we are comparing projected deposit valuations vs costs to mine (huge open pits in Indonesia vs extremely deep and costly mine shafts under lakes in Ontario).
As mentioned by others, this does not include the fact that SA may very well discover larger, even more valuable deposits elsewhere in the Sunda Banda belt in 2007-2008, let alone the potentially dramatic expansion of the Selodong deposit after hole 4 etc. so there is still lots of blue sky potential here and we must remain focused in what the SP is likely to be several months from now- likely much higher than 3.00 afer hole 4 if it delivers what is expected.
I continue to buy shares on the dips, latest at 2.00 on Friday. Thanks for all the great insights on this board (OB, Aswin, etc.).