Ann: Underground Phase of Cannon Gold Mine to Proceed, page-5

@MIStragic just to clarify, I believe WGX will be responsible for mine rehabilitation so we won't be lumped with the clean up bill. However I kind of agree with you in part. As @binwood correctly points out, this is pretty good deal based on the 22k resource, however my concern is the upside to this. What happens when WGX confirms a further 20k ozs, they reap the $650 - $180 profit per oz ($9.4mil) and we are stuck with $180 per oz ($3.6mil). We are giving away 70% of the upside.

It is all well and good being "safe" , but is that the best way to grow a gold company? We all should be aware of the risks of investing in gold miners/explorers, but to be so so risk averse that you give away the reward is not really why I invested here.

I wouldn't mind SM taking a few risks, in my view if we continue to think small we will only ever be small.