Seems October has everyone a little testy. Unfortunately October is one of those damn 31 day months. As for the 43-101 it seems that the so called "street" is expecting about 1.1 million ounces from the hinge. All the major houses covering SGR are useing that number in their Evaluation Data. The beauty of the 1.1 million it is all proven and is added to the reserve column. Inferred is still estimated at 1.2 million so the "Street" is estimateing 2.8 million ounces. Granted that is not the official 43-101, however I am hoping that they know what they are doing. The 2.8 million number was in a Oct. 8th report as a Dundee Modelled Reserve Estimate. and as such the markets have had almost a week to digest the number. Another interesting item is the Gold Class Precious Metal Fund that I have been eluding to. It has been available to the public for about one month now and so far has a Net asset value of $14.5 million. The largest holding in the fund is Gold boullion, however it should be noted that again Mr. Cohen has modelled the new funds equity position along the lines of his other successful funds . Guess which company is the number one position . He currently holds nine companies and SGR is number one . As more and more Americans look for a place to hide some cash I am assuming the appetite for more SGR shares in these funds will become quite acute.
PS
Only two weeks 'til november and only two months 'til Chinese New Year
Cheers