Blzzard, how many visits have you made to the mine? I go there at least once a year to visit the physical plant, have attended every annual meeting since the merger, and talk to directors and senior management on a regular basis. The changes and improvements in the last 5 years are huge. It is my considered opinion that because of their approach to the overall situation and ability to change and react to new high grade mining situations rapidly, the management of this company is well positioned to carry the company to the next level with a lot of experience and knowledge that cannot be bought cheaply. If the money would have been available early on SG1 probably wouldn't have been developed at the stage it was and was an experiment that will be revisited later after the much higher grade hinges are mined. There will be BILLIONS spent in the Rice Lake Green Belt over the next few decades.

It is always easy to compare SGR to other success stories that are better, but I never see the comparisons done at the same levels. Goldcorp was nothing in the mid 80's. You compare RMX, which is on two senior boards and has one of the biggest names in the Gold business as a major shareholder. Look at the shareholder bases. Most of the people in San so far are from Manitoba and BC, the Ontario money is slow coming because they have hundres of compauies closer to home to invest in. We are followed by all of the major Banks and Funds now so as production and grades improve, the next level for the share price is IMHO $6-8.

San management has not bought into the urgency theory which probably has affected the share price somewhat, but as in all good stories will be oblivious eventually and no one will remember when the share price was $3.65. How soon we forget the state of the equipment, no development and a mill that broke down every time it was started. Power upgrades, hoist upgrades, 2 new mines put into production, new jumbos, building a ramp at the 4000 level, cutting equipment apart to haul down the hoist to use on the new ramps, changing underground drill contractors twice, miner shortages, geo shortages, camp and accommodation shortages, crusher problems and the list is endless. The town of Bisset is the next entity that needs to come into the 21 century with more and modern facilities as the workforce increases. If they don't there will be other problems develop on the social side.

Exploration was on the backburner while the emphasis to get the old mine producing again was the focus. Bill Ferreira and his crew kept plugging with their small budget and solved the long sought puzzle. Soon they will get the credit their deserve, with the N43-101 upgrade. How many people remenber that until the Bre-Ex fiasco the N43-101 report on resources and Geologist accountability did not exist. It is an important step in the minds of the retail investor, but I don't know a broker that has ever read one in it's entirity and the same for news releases, they read the headlines only. Do your own DD, spend $1000 to visit the facilities and talk to the principals in person before you invest large and your comfort level will be much improved.

As always it is my considered opinion that you don't criticize something publicly because you made a mistake buying a stock that doesn't meet your guidelines. Sell and go to another stock if you don't like anything they do. Have you phoned Hugh Wynn or any of the directors lately with your concerns before you air them on the boards? They have always talked to me about my concerns anytime I've talked to them. Sometimes a little patience is needed as they are on the phone 24-7 and don't often return messages if they don't recognize the name, but they are always at the mining and investment shows and never shy from answering questions that don't require revealing information that will affect share price before it is released to the public. A lot of day to day info that is discussed on BB is available, that they don't consider substantial and worthy of news, with a simple phone call. The Vancouver IR guys are Silk Suits that will tell you anything to keep you happy. Anytime something is released thru the stock exchanges or Sedar there are fees and all require lawyers and the entire board approval so costs are also increased which is always a shareholder bitch. You keep referring to the VP of IR. I don't have a clue who that may be, but if you go back over the last 5-6 years you will see a consistency of news releases although they obviously don't meet your requirements

AIMHO

Without Predjudice

HM