This report is a very thorough and complete evaluation of the current status of SGR. Note that they estimate the new resource at somewhat less than expected and I think it will be considerably higher. The report is very conservative as it is basically a paid for evaluation by San Gold. Just like an appraisal on a house. They value the gold reserves at 200M and fixed assets at 200M. I doubt a mine of this size could be built for under 500M today. The market is starting to like this stock as recent tries to bring the share price down have been foiled by new buying from the funds. New Houses such as National Bank buying recently have provided good support. The fun has begun.