TODAY'S DISCOVERY, TOMORROW'S FUTURE

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Message: Re: e-mail from Brian - good answer
11
Mar 23, 2010 04:00PM

"There will be a 43-101 and it will have ounces in it - and therefore not comparable to SGX, which has no ounces and forseeably will not either."

Respectfully disagree cedar. Your statement re: SGX is not correct. SGX may not have any ounces on its BG properties (well despite NI 43-101 for Onaman poly-metallic resource which does include some gold)... but SGX recently signed option agreements for at least a 50% interest in 2 properties that both have NI 43-101 ounces on them. Borealis has some 2.5M indicated and inferred and Clavos has 300K ounces and was producing gold just 3 years ago (incl. more than $40M in underground development). SGX has acquired ounces that have prospect of near-term production and will not require near the cash outlay that will be required to develop Golden Mile ounces... Golden Mile no longer touted as 'flag-ship' property and some here have questioned whether it will be economic... therefore how valuable is a NI 43-101 for an uneconomic deposit?

red911

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Apr 26, 2010 08:07AM
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tau
Apr 26, 2010 08:22AM
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