Taylor says hold San Gold

2010-01-05 19:11 ET - In the News

Jay Taylor in the Dec. 15, 2009, edition of Gold, Energy & Tech Stocks tells readers to hold their San Gold Corp., recently $3.35. Mr. Taylor said buy five times between October, 2006, and April, 2009, at prices ranging from $1 to $1.73. A $1,000 investment for each of the five buys is now worth $13,048. San Gold reported its first ever operating profit during its third quarter of 2009. Mr. Taylor says mining of the newly discovered Hinge zone of the Rice Lake project in Manitoba led to the operating profit. Roughly half of all gold produced during the quarter came from the high-grade Hinge zone. Over the next two years San Gold expects to increase mining capacity at Rice Lake to 1,800 tons per day. Mr. Taylor notes San Gold has drilled a phenomenal 52 ounces per ton gold at the property, which shows potential for another Red Lake mine in the making. The newsletter writer plans to hold onto San Gold, a stock which he thinks "could defy gravity" when most other stocks tank.