The reason our share price does not rise on good news from the Company or major increases in the POG is, sadly, the price we pay for seldom hitting any stated targets and then never explaining why we missed.

When you look at the almost monthly, detailed e-mails to shareholders from Companies like Capstone, you realize how far SGR has to travel to get into the same league. No shareholder of Capstone ever has to guess what went wrong, and why, or what went right and why.

So we have become a "show me" stock. Shareholder fatigue has settled in. People have stopped believing that news releases actually mean what they seem to say.

In other words, the POG could go to $1500.00 to-morrow and San could hit five more bonanza grades over massive widths and our share price will still sit right at the $3.25 range.

The move up from the $3.25 depths will only happen when the Company records its first ever profitable quarter, even if it's only 0.05 cents per share. Then we will finally be able to say: "Yes, we can make money... Rice Lake will be profitable."

The reason(s) we all invested in SGR are still very valid and our patience will one day be rewarded, but it sure is tough to watch everybody else head north and we just sit in our two wheel drive truck, stuck in the shoreline mud of Rice Lake, spinning our wheels, but not getting any closer to shore.

One thing that encourages me a bit is that Kirkland Lake Gold (KGI) (five former producers) has yet to make any money either and they've been at it the same length of time as SGR, although KGI is trading at $12.32, in anticipation of future profits, albeit with 68m shares issued, a slightly lower market cap.

In addition, shareholders of KGI seldom get any news from the Company and they don't seem to mind at all. As a matter of fact at the last AGM in Vancouver on October 7, 2010, nobody from the Company even showed up. They left it to one of their lawyers to bring 1/2 dozen cookies and Chair the 3 minute AGM, much to the dismay of the three shareholders present, me and a bewildered man and his wife from Yakima, Washington.

Fred25