I agree that the triple digit price targets don't make sense. Utilizing the author's own 135% rise from $29, that equates to a share price of $68.15, not $100-200.
That being said, more than one analyst has identified SA as an acquisition target:
"So, as to the virtually certain coming tide of consolidation in the gold space, I like these juniors:
* Seabridge Gold: I've owned it and discussed it for a while now, and that's partly because the company is sitting on the largest undeveloped gold project in Canada at the moment (called KSM). Altogether, Seabridge has 36 million ounces in gold reserves now and likely will find more as it continues drilling. All of the projects are in a politically safe country, to boot.
* US Gold: This company is led by Rob McEwen, who was the tour de force CEO of Goldcorp for almost 20 years. US Gold aims to be part of the S&P 500 in five years, which would require US Gold to grow their current market capitalization by 7x. I believe the company will likely find a buyer calling them before that happens. Their projects are based in Mexico and Nevada.
* Rubicon Minerals: This Canada-based company has a big mine in Red Lake, Ontario, which has historically done well for gold deposits. It was a big winner for Goldcorp previously, and -- perhaps not surprisingly -- Rob McEwen is a large holder of Rubicon stock.
* NovaGold Resources: John Paulson recently disclosed that he'd upped his stake in this Canadian miner to 9.1%, and that he would furthermore be taking an "activist" position in the company. This suggests Paulson's hedge fund will be prodding NovaGold to increase value for shareholders -- including, presumably, acceptance of buyout offers or the search thereof.***
Again, however, expect some of those juniors to be taken out over the next six months as large gold producers look to extend their footprint."