Thanks to poster at

http://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?p=27648233&m=27649797&r=0&s=SGR&t=LIST

sgr.v/sgrcf is upgraded to $5 by TD Crest, one of the underwriters for rby in 2009/10. I think this is the only rival of rby, not sure who will hit the $3B market cap first.

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TD NEWCREST UPDATED TARGET PRICE

San Gold Corp.
(SGR-V) C$3.40 New Target C$5.00
Commercial Production at Hinge; Continued Exploration
Success
Event
On November 13th, San Gold reported Q3/09 results and provided a
comprehensive update of its activities. Results were highlighted by the
company reporting its first quarter of positive operating income, largely
driven by the first quarter of commercial production from the high-grade
Hinge zone.
Impact - POSITIVE
Given no changes to operational guidance, we make only minor adjustments
to our estimates to reflect slightly lower than expected production year-to-date
from the company’s Rice Lake Mine and improved production potential from
the Hinge zone.
With the company already contemplating the feasibility of developing the
recently discovered L-13 and Cohiba zones, we introduce a $150 million
exploration credit in our valuation to reflect the significant exploration
potential associated with the company’s land package and our expectations
for continued drilling success.
Taken together, our NAV5% rises to $3.22/share (from $2.58/sh). Based on
our expectations for a steady ramp-up in production, we raise our target
multiple to 1.5x (from 1.4x). As a result, our 12-month target price rises to
$5.00/share (from $3.50). We maintain our BUY recommendation