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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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Message: Greetings

Re: Greetings

in response to by
posted on Jun 18, 2008 05:00PM

I am also new here PJ, I agree with you on the quality of this board.

I have been with SGR for quite a long time; before the merger with Rice Lake, and feel I am qualified to make a few obersavations.

No question they deliver big time on the exploration side, your estimate of 2.5 is likely solid, that gives them 25 years production on their initial production plans of 100,000 per year, so this mine has got legs.

Their main problem has been production; not delivering as planned, call it teething problems, or repositioning to take advantage of the new finds, but I have seen enough to been patient.

But that is behind us now, grades are going up, reserves are going up, rumors are that they will be adding another crusher and the rest of their plant can handle more than 100,000, especially with higher grades. Could they double that? Add to that the majors are coming knocking, so the value of this is going up every day.

Anyway, this is now beyond my wildest dreams, stick with it, I am sure you will do well, I know I have already.

JJ



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