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Message: Re: Deliverator...Do Not Doubt The Potential

Re: Deliverator...Do Not Doubt The Potential

posted on Oct 29, 2008 05:02PM

I'm just trying to be realistic, Slug. Even if they only average 0.3 oz/tonne over the mine life, SGR is worth at least a 3-bagger from here. Everything on top of that is gravy. I really, really, REALLY do hope we see GoldCorp-like average grades though:

Gold = US$780. CD1$=$1USD, 259M shares fully diluted (as per SGR web site), 25 year mine life



1 oz/tonne avg. grade:

$14.12 10% DR

$17.54 7% DR

$20.67 5% DR

This would require a high-grade resource of ~14M oz.

Wouldn't it be nice?




Oct 30, 2008 01:26AM
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