The main positive from this announcement is that the director's of SGR are clearly separating assets and resources which will allow for more focus and direction within each company.

SANs job is clear, develop Rice Lake (period)! Never did like how the Timmins property muddied the water from a focus/priority standpoint. This will solve that issue. Those who are believers in Timmins can now invest in it separately from SAN. Do recognize that San will hold 48% of SGX, with Hugh as the SAN director. This will limit liability from a financial requirement standpoint which is also good.

Overall, good strategic move!