Ann: Very high grade gold in Cannon RC drilling, page-35

Simon listed a few commercial possibilitres that he'll look at. Another possibity that I was thinking of today - was to not mine Cannon UG for a year or two until we're getting cash flow from other projects. Just stash this one away for awhile.
Sure, we could start this UG mine very soon and profit from it handsomly. However, we might be able to afford ourselves the luxury of monetising smaller open pit mines, like Jimmy Doughnut, Laveoulus and Transfind while getting much better prepared/positioned for Cannon UG production. I just think it's too risky to give a sizeable chunk of this Cannon mine away before we really know what it is. In dollar terms, we wouldn't want to rush to give away half of an asset that ultimately has hundreds of $millions value, for some short term $millions or $tens of millions.
By proving up JORC reserves at Cannon, performing PEA/FS etc, SAU has herself an asset that is also highly leveraged to gold price, and could even become fought over in a bidding war between rival mid caps.
Lake Consols is probably going to be another asset like Cannon, in which it's simply too good to deal away for short term cash flow.
I hope SAU looks at acquiring Lakewood Mill. I'm not sure how much refurb it might need, but it's certainly located in the right spot. Constructing a new mill could be another possibility if SK produces some big profits????
Lake Consols and Cannon are looking like baby elephants. SAU's business model is to give small high grade deposits away (for cash flow) while it looks for elephants. Giving Cannon away too quickly/cheaply would be the reverse of this business model, IMO.