Re: A number of months ago
in response to
by
posted on
Nov 28, 2008 07:54AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
MB you need to learn a little patience.
This company is doing what the big investors want. BIG GOLD numbers. That takes a lot of exploration, and $20 M of that $30 M is stictly exploration cash. They want this stock to go high and stay, not like a thousand others that try and lose. The meat is here, now with a few additions to the mill we'll have the potatoes and gravy, but not this month or next month unleess a lot of circumstances change. This stock has held it's own with all the juniors and has already gained back losses. There are lot's of stocks out there that are totally devastated like Nova Gold, Teck Cominco, Century Mining to name a few. NOT is down from $7 to $0.60. We had a short time at $2.00 but the average price was 1.10 t0 1.35 last year so to be sitting at a buck right now is a bonus. When the 43-101 on the hinge comes towards the end of the year and that has always been the realistic date, recognition for this stock will also come. Merit put thier mine into production in record time and achieved decent production, albeit small with more miners than San Gold but they are now back to producing 150TPD and are stuggling to make money after closing one mine and laying off 45 on the other. Wrong metal, "Copper", working on combination gold equivalent. When copper prices come back and they will Merit will have been a huge bargain for those buying at $.01 . We've got the gold, are slowly developing enough stopes to produce a constant 800 TPD of high grade ore and this will pay off. The company they were buying the jaw crusher from has reneged and amazingly prices have come off and there is a ton of equipment up for grabs now at better prices. The turtle will win this race, believe me.