The Bottom of the Barrel?
posted on
Sep 09, 2010 12:21PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
Here's one observation: The senior golds like AEM and G are down more percentage wise than SGR today. The geology, and we have more evidence of it today, is just too compelling for San to keep on going down. Furthermore it would be not difficult for San to arange a CF+ next quarter. They would just have to mill some more high grade material. There is nothing stopping them now from getting listed on the TSX. It could happen anytime now. Do you really think a billion dollar market cap is unwarranted for a company that is going to control and eventually develop 20 million ounces of gold in a politically stable environment and with gold going to $5000 dollars an ounce? All conjecture or is reality stranger than fiction at times?