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Message: Jay Taylor's comments summarized

Jay Taylor's comments summarized

posted on Oct 24, 2007 09:11PM

After listening to jay Taylor's comments on the BNN interview today:

- while there are a fair number of shares outstanding, JT agrees the stock is undervalued

- he visited SGR this year and went down 5400 ft underground

- they are producing, feeding the mill from 2 mines and economies of scale will soon kick in

- he expects SGR to be cash flow positive by the end of this year

- they are finding come incredible high-grade material; SGR has a short to replicate Red lake as it has identical geological material; he quoted an SGR geologist as saying "we know it's there, we just have to foind it".

- it is only a matter of time until the industry recognizes SGR and it becomes fully valued; this is one stock he would expect to double in the next year 

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