President Nixon announced "a temporary suspension " of gold exchange window in August 1971. Gold was set exactly at $35 per Troy ounce for the 38 years prior to this. I'm fairly sure Gubong had ceased production prior to 1971. I'm not sure if I agree that SM had to spell this out. This is coming to fruition very quickly, yet still no market reaction. One day some big investor is going to like the SAU story.