St Andrew Goldfields Ord STADF

RE: SAS Reports 2012 First Quarter Results

[venturecop1]

Earned 3/4 of a cent per share @ 1695 POG.... Yeah still making money, but its all about future quarters with production growth, continued good grades and a higher gold price. If POG falls to $1400, we're back in the red. This is why the SP is dead.

 

So, understand what we have here. If POG goes to $2000+, we will make 3-4 times our money from this level. Otherwise we grind around in the 30's as dead money. The risk/reward is still compelling if you believe in GOLD.