RE: SAM won't run out of cash by mid '09 or earlieI think that SAM is a very good prospect in this market and don't believe for a second they are headed for extinction. As a matter of fact I believe that SAM is very well positioned. SAM has everything a junior could want at this point. A large property full of very prospective exploration potental, a 12 year mine life based on current resources and a fully operational mine with experienced staff. This is a significant holding that would take an enormous amount of resources to put together from scratch and SAM is trading at about 7-8 cents.
The ore grades over the last year were lower than the previous but they are onto better stuff now and production costs are down even though metal prices are lower.
I don't think it would take much for this to make a major move up especially once tax loss selling is done and we're into the new year with PM shares at an all time low. One day the corrupt COMEX manipulation will end and gold and silver prices will move up, too. This is probably coming sooner than later. This too will send SAM to new highs. That's what I think.......