Welcome to the San Gold HUB on AGORACOM

San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Free
Message: Reading between the lines

Reading between the lines

posted on Jun 23, 2009 02:17PM

- they may not upgrade the mill to 1800 tpd because the ore coming from the hinge is an easier rock to work with and will allow more throughput in the near future, Dale called it 'One of those unexpected and nice benefits'

IMHO they are saying that they have come to the point in their evolution that they are now truly a exploration play and not a producer. All available capital will now be used to expand the resource. I have been waiting for this moment as a turning point and our future potential. Producing enough to stop the burn and also to stop further dilution. It may be possible that they would do one more PP to a major to fund a expidited round of drilling. This would not bother me as it would speed things up dramatically.

PS I have formed this opinion by reading this forum and other forums on the agoracom site. Definitely not to be taken to the bank.

Rookie

1
Jun 23, 2009 02:27PM
1
Jun 23, 2009 02:52PM
Share
New Message
Please login to post a reply