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Message: Re: Hinge Zones

Mar 05, 2009 08:14AM
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Mar 06, 2009 12:03PM

Real deal, you need to realize the huge differences between hardrock underground mining and drilling oilwells. All of the news for an oil discovery can be read in one small news release and the pool is very defined thru seismic exploration. The geologist at the drill reads core logs hourly and doesn't have to wait for all the info on the entire field or pool to release production and capacity figures. As soon as the chokes are applied and the well is flow tested it is produced until capital costs are recovered and then goes on a quota system.

You need to go to San Gold's web site and spend a few days reading the past 43-101 reports and then read about all of the drill news releases that have been drilled in the past 2 years because none of them are included and will be a part of the upcoming 43-101 update which is the main stumbling block to TSX-T listing.

When the 43-101 comes out, we can expect our share price to react similar to an oil stock like PDP that had several high flow oil wells in a short space of time and have production close to 10,000BPD. IMHO


Mar 07, 2009 04:40AM
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