Hi Nijiman All fair points to consider and yes I agree with most, and there were some at the AGM expressing frustration about timing. Notwithstanding your comments I will disagree there’s an issue with scale, with 2mill +ounces anywhere that’s a great ore body, and whilst I seek the earliest ROI I’m very pleased that the current significant drilling is on track, and is doing exactly what management expects… that is, adding appeal to economics and in turn to; for any corporate raider, who will find it much more difficult to acquire Saturn, as these ounces prove up… Regarding commodity cycles, yes they inevitably impact plus or minus IRR however, with at least a 10 year mine life there will be ups downs, but as long as it’s averaged out profitably who really cares.. this matter is addressed in presentations showing a break even gold price which is well surpassed anyway. The belief I hold and have held for about five years is the view that Apollo may become a 5-6 million ounce mine which interestingly was an estimate Ian Bamborough had considered as feasible in his study of Apollo, even before he joined Saturn as MD!. The alternative is to go out now and buy Northern Star at around $15-17 but you won’t get many unless you’re stonkingly rich!. Best wishes and I’m holding out for dollars here and also as Tony Locantro suggested, we may have a Capricorn look a like here. Cheers Sarg
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