$7.00 is a steal.....

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

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beaver65

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$7.00 is a steal.....

posted on Nov 25, 2009 03:03PM

Hi guys,

I read every post and very much appreciate the sharing that goes on here, especially from the people with mining and investing knowledge. I am somewhat ignorant of both (except in chossing to be VERY overweight in San).

I like Lunch's number with regards to Barrick. Personally, I believe that once this gold bull gets off the ground, San will be making MUCH more that $800.00/oz profit. I don't think the production numbers and multiples were out of line, either.

So.......I don't believe $20.00 per share is a pipe dream at all. In fact, with the fundamentals of gold being what they are, and the fundmantals of San Gold being what they are, I believe that, at some point in the next five years, it's a given.