I am not too concerned about the drilling. It seems sgr has found out the pattern in rice lake area, since they have spotted 5 deposits in the last 18 mths, as the presentation stated. Also, the 007 bonanza finding indicated a high grade zone. In red lake, the 1 OZ+ ores and 7-10g/t ores co-exist, making the production grade averaged to half OZ, even for gg, so average 15g/t drill findings are good enough.

I still think the listing on TSX is the nearest catalyst to move sgr above $4, permanently. With 2012 projected production of $200M(assuming POG at $1000) , a $1.2-1.5B market cap should be valued, with the above $1B part giving credits to 007/L-13 findings and the 35,000 acres of rice lake land, plus a JV.

Hope Dale keeps his word this time by getting sgr tsx listed "early next year".