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

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Message: 007

007

posted on Dec 29, 2009 01:29PM

Belted, you made reference to the 50 opt hole. I have heard talk of 20 mineralized cores from the zone that have gone for assay. If we are extremely lucky and they have zeroed in on the rich 007 we could get an average similar to Goldcorp's game changer of 9 opt. In a worst case we might have another hinge averaging 3/4 opt. Either way we will be winners. Many posters here are hoping for a quick takeover so they can move on to the next play. I bought SGR because I feel with all of the boogiemen out there I can own gold without taking delivery of physical buillion. Pure gold stored in the Canadian Shield is IMHO a safer bet than an ETF or other forms of paper gold that may or may not be deliverable. Underground storage fees in the hard rocks of Manitoba are cheaper than the vaults of Switzerland or the unaudited vaults in Chicago and London. As long as I hold my shares I have ownership in all the known Gold and any future discoveries.

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