I wouldn't bet on it.
LSG is telling the market it will have 8 to 10 mln ounces in it's next 43-101 and the market continues to punish it's stock price.
What is the market going to do to SGR after they drill 300,000 m of core and increase their 43-101 reserves by 500,000 ounces; 1,000,000 ounces.... plug in a number.
I guarantee it won't be 8,000,000 ounces!!!
Call it back to the future.
We are now being valued on a discounted cash flow model. On that basis, we are way over valued. And God forbid, gold goes below 1600 per ounce.
I think I know how the boys over at RIM must be feeling right now. I have the same feeling.