Re: "That is why the 43-101 wil probably not be out until July!"
in response to
by
posted on
Jun 13, 2009 08:13AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
"Good Morning" Ruf
I totally agree with what you said about needing the 43-101 and giving the drills a rest. I am sure you didn't actually want to stop drilling though as that would slow the pace of discovery and maybe a second 43-101 soon after the first. I am not sure where I read it however Dale Ginn did say that they had to do a cutoff in order to produce the pendind 43-101. I have been following a lot of companies and chose sgr. I too am a little disappointed at the apparent lack of urgency to bump the stock price. Most of the other companies have all had some good moves . The frustrateing thing about San is the huge potential seemingly going unnoticed. I noticed RMX completed a warrant exercise and announced the cash in the bank before their latest drill cores . Perhaps we should be hoping to see that news Release first
Also I went to the resource show just to talk to somebody at the SGR booth. Courtney Shearer went into a lot of detail about the importance of proving drill cores over an ounce. Last night I went back and looked at the drill cores from the hinge. Most of them were over an ounce. Would this not mean that the bulk sample from the hinge would be very important to prove those ounces. Everybody is expecting 500,000 minimum. Could you imagine what would happen to the stock if they deliver less. If you follow the time line from hinge discovery it clearly shows the probability that they had to ramp down to the hinge in order to prove the high grade cores. Perhaps the delay has been caused by the regulators