Ann: Very high grade gold in Cannon RC drilling, page-27

I'd easily rate today's announcement as the most significant announcement, in relation to any of my investments. SAU would still, very likely, be a successful company, even without good results from Cannon. However, this is going to make it so much easier for SAU to fulfil some of its major potential, no matter which decision SAU takes with Cannon.

Hopefully, SAU will keep Cannon and contract out the mining and milling. I think this is the best way to go. However, all other options should be explored and if a deal is too good to turn down, well........

Some of you may wonder why a mere 9% move of the SP back to its flatlining 100 day moving average is significant to me. Today's SP action wasn't reflective of what a key milestone this announcement means to SAU and her investors. This takes a 12 million dollar company that's in very good shape, into an investment that now has essentially no downside. Virtually no, or perhaps a miniscule risk at worst. This, in one of the riskiest sectors in the investment world.

Investing at these levels is a no brainer for me. It won't take very long for some deep pocketed entity or entities to recognise the near risk free reward status that SAU now has. This could be as early as tomorrow and very likely be this week or next. There might be a few sellers hocking off their DRP allocations to arbitrage a few extra cents. The deep pocketed ones will be ready to mop these up.

I predict, that once the unwise money has sold the last of their DRP shares, that's when the significant re-rate will occur. I don't know exactly when this will happen, however, I suspect it will late this week or early next week.

I congratulate everyone that "has been right and sat tight". It's one of the hardest things (emotionally) to do as investors. As good as this announcement is, I think there's many more of these and better still to come, IMO. DYOR though. And nothing is actually risk free.