Re: Whats the odds a big deal is happening?
in response to
by
posted on
Jan 16, 2010 06:23PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
From what I have read it appears they are motivated to have all three of those zones into full production by the end of 2010. There are many pdf files in the corporate presentation and on the website to give one an understanding of how easy these high grade veins will be to access. With all the new high grade zones to be added to the already operating Hinge Mine they can let the lower grade ore sit for the time being and put out some serious ounces. The ramp to the hinge was actually started as a ramp to the cartwright, however when it became apparent that the hinge ore was so rich, they ramped east instead of west. I would be willing to guess we will not see the ramp to the Cartwright untill they find a high grade system either on the SGR property or the Strikepoint JV. I do like to imagine what they might find along the way. TRy to imagine the ramp to the west as a 20 foot diameter drill core 1500 meteres in length, with the potential for another L13, hinge or 007 intercept along the way. If all goes well and we still own SGR in 2012 the potential is ther to have 100 million per year in profit to spend. IMHO this company is a win win for both the traders and the investors.