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Message: Re: sgr value they wouldn't have sold us out at $4
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Aug 26, 2010 09:43AM
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Aug 26, 2010 10:55AM
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Aug 26, 2010 11:32AM

Mbgld, keeping this $ 4.00 x 20 Million = $ 80 million in cash will go a long way into increasing production. Dale understands that their are pockets of vissible gold through out as Bill keeps hitting his targets BUT removing this waste rock in-order to get to this gold requires big dollars and alot of safety procedures. It"s all relative what the price of the PP was since San has enough cash for the short term as more money may be required down the road so from $ 4.00 to $ 8.00 is a double , THATS A 100 % RETURN. Thinking back over the yrs and listening to guys like Bill Harris and how they price a gold equity is very simple and used by many BNN pumpers. They look at a gold companies 43-101 and times a dollar so in Sans case with a 43-101 of 3 million oz we have a 3 dollar value plus one dollar for infrastructure and unproven resources. Sans production and increase in 43-101 will take the share price higher. PS : San uses dynamite for blasting not fire crackers. Traps7


Aug 26, 2010 12:17PM
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Aug 26, 2010 01:06PM
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