Rumours fall into a very grey area, often taking years to disprove! (a which time they fall into the false rumour category.)

As 'investors" our success is often times predicated by no more than rumour and inuendo! (supported by very good luck at times (when the rumour is proven to be true) and very bad luck at other times (when the rumour proves to be false!)

I wouldn't own a share of SAN today if it wasn't for a Whopper (Rumour) Dale threw into the rumour mix many moons ago, and it went something like this, "I (Dale) believe SAN has the potential to prove up 10 MM ozs of gold!" (Until that event happens its no more than rumour!)

Several weeks or months later he was loaded with options, sold the fishing camp, and moved into management with this then tiny little Gold Co! (at the time of the luncheon he was managing his fishing camp and I was trolling the Vancouver Gold show for just the kind of rumour Dale casualy offered over a half-eaten, well-done steak sandwich, which I'm sure he doesn't even recall! That statement (rumour) caught me hook, line and sinker!

During his tenure the SP has moved from $0.15 to as high as $3.70! (today)

As an old gold invester (70's, early 80's) and 20 years into a gold bear 10MM ozs was music to my ears! I just felt the time was right to initiate a portfolio of Jr gold stocks, all of which were ultimately consolidated into SAN.

One of my most successful trades in several years was buying Shore Gold at $0.95 based on the most rediculous rumour I've ever heard in mining circles. A diamond the width of the core! (the rumour was started by a diamond driller working at Shore) That diamond hasn't yet surfaced but within months I sold Shore at $5.00+, rolling the profit into SAN! Just luck of the first order! (You couldn't afford not to buy it in case it was right! Pascal's Law!)

IMHO, the rumour bug has hit the Golden Fairway in Spades!

RUF