Re: looking forward
in response to
by
posted on
Apr 02, 2010 08:06PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Posting overly optomistic figures is the reason people get pissed when they don't make the targets that actually come from the boards. They will be lucky to get to the ore zone at 007 by November or December
If they don't want it posted they should keep it out of the News Releases. Twenty meters a day is 400 per month with no OT. That would put them at the latest to the middle of June. I agree once they get there it will take some planning and drilling to figure out how to set up the stopes etc., I believe they accessed the Hinge April of 2009 and it took 11 months to achieve 350 tpd from the new mine,however I do see where I erred in my optimism. They had actually started the ramp in early January. The following NR should clear up that bit of folly on my part. I am looking forward to the day they access the 007 as that should free up the surface drills somewhat and allow them to concentrate on the next find. I stated earlier that I was a strong hold at least until we see the Q1 numbers, I guess another month or so to see the first photos of the 007 up close will not kill me. With any luck there will be 350 tpd(high grade) coming from the SAM boosting production enough to keep me happy even longer.
http://www.sangoldcorp.com/assets/files/20100203_007Update.pdf