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Message: Re: 10 Year Grind
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Jan 06, 2012 12:10AM
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Jan 06, 2012 12:28AM
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Jan 06, 2012 01:37PM
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Jan 06, 2012 03:47PM

I was assuming a price of $2,000 an ounce for gold in 27 months time and a cost of about $ 530 an ounce but was glad to to hear that Dundee report was showing a decline in costs to perhaps below $ 500 an ounce by 2015. With much of the ramping completed to new area of the mine and debottle necking of the mill completed we shall see costs decline as well because they now have tunnels into the new high grade access completed.Also new running equipment will be more economical and larger tonnage to the mill will be available as well.Completing the need for new accomodation houses completed and modern up to date facilities will go a long way to maintaining a good workforce.I am assuming that the work staff is not a problem and that they have well trained miners and staff goes a long way to reaching their goal of running a good mine.

San Gold was recently listed by Manitoba Business magazine as the No. 2 fastest growing business in Manitoba. This is a wonderful award to be very proud of and we as shareholders should be proud of the accomlishments that San Gold has achieved as well.

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Jan 06, 2012 10:23PM
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