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Message: Who should SGR be compared to for market cap?

Who should SGR be compared to for market cap?

posted on Jun 09, 2008 03:46PM

Tidbits1, Just following up on your question. I've started a new post to better track replies. Just a quick comparison:

Aurizon (ARZ.to).

From here http://www.aurizon.com/s/CB-Project.asp

and here: http://biz.yahoo.com/ccn/080512/2008...

ARZ Fully diluted: 153,336,548 * 4.82 = 737mln Market Cap
Proven: 252,00
Probable:666,000
total reserves: 918,000 + 1,413,000 (total inferred @ Joanna) = 2.3 million oz

SanGold

Fully Diluted: 249,898,616 * 1.80 = 450mln market Cap
Sangodl Rice Lake Project Total Inferred Resources: 1,197,670

ARZ is further ahead of SGR with production numbers: "Based upon first quarter results and the 2008 mine plan, Casa Berardi remains on target to produce approximately 160,000 - 170,000 ounces of gold at a total cash cost of approximately US$400 per ounce, using a Cdn$/US$ exchange rate at parity."

Hard to compare the two but a place to start. I could be missing some big details. Hope other will add.

-Alex

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