Re: can't produce from it if you don't know it exists can you?
in response to
by
posted on
Nov 18, 2008 06:30AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Shoebox, I think you have good points about the production from existing mines or the lack there of. I don't know what the reasons are not producing more over the last two and a quarter years since they first poured gold and I doubt we will ever really know.
The optimists may say that they poured prematurely or that they had a lot of development work to do because it was a deep mine or that they have to spend the time to train their work force. Maybe there are other reasons to stay under the radar. Maybe it is all of these reasons combined.
Regardless of the reasons, the lack of production will hang over the price of this stock like a black cloud until they do produce more substantial numbers. There are gold mines out there with millions of 43-101 proven resources in the ground that are but can't be profitably mined. Their value is much less than San Golds.
Looking forward to some good production results some day.
JFF7