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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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Message: Coincidence?

There are no coincidences. Someone at Cormark totally front run this NR and crossed 3.7 million shares for some reason. Maytbe it was to cover a short or go short. We'll never know.

Trades for C:SGR on 20120614 - 100 trades displayed
Time ET Ex Price Change Volume Buyer Seller Markers
12:19:13 T 1.20 -0.04 1,000,000 73 Cormark 73 Cormark K
12:30:50 T 1.20 -0.04 1,000,000 73 Cormark 73 Cormark K
15:03:53 T 1.20 -0.04 1,000,000 73 Cormark 73 Cormark K
15:27:07 T 1.20 -0.04 700,600 73 Cormark 73 Cormark K

So grade in the measured plus indicated category came down from 11.3 g/t to 8.05 g/t. Still higher than has been produced as of late and a number I can live with if it doesn't go any lower.

So we now have just over 4 million ounces up to the end of March. Another $25 million to spend this year at 26$ an ounce is another ~1 million ounces.

So we have 4,055,000 ounces plus about 150,000 produced since commercial production commenced and another 1 million that will be found this year.

So, let's assume 5 million ounces. What major needs minimum a 25 year minelife and a fully permitted 2500 tpd mine at 8 gpt?(220k ounces at 93%) There's got to be a major out ther that needs to replace 10-20% of their production at a steep premium to San Gold's market cap.

Isn't G down about 200,000 ounces yoy somewhere in the $650/gold ounce cost?

Definitely a drop in their $32 billion bucket.

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