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

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Message: Re: Not too bad...

Jan 24, 2014 04:12PM

Jan 24, 2014 04:19PM
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Jan 24, 2014 04:22PM
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Jan 24, 2014 05:27PM

Andy, yes I'm fully out, but since 2006 my avg cost got down to .13. I'm out with a profit (hardest risk money I ever made) but I saw my small F'n fortune evaporate under Dale and George's watch ! It started with the 43-101 decrease years ago and continued down hill. Clearly all the big exploration money spent didn't provide the expected results.

Regarding the ending stock pile of ore here is the Q3 numbers:

The Company produced 20,220 ounces of gold in the third quarter, bringing total production for the first nine months of the year to 60,100 ounces. The operation milled 175,311 tons in the quarter at an average daily throughput of 1,906 tons per day and mined 167,937 tons of ore at an average daily rate of 1,825 tons per day. Mill recovery was 93.3% and milled grade was 4.24 grams per tonne. The Company ended the quarter with approximately 7,800 tons in surface stockpiles.

Note, the ore pile dropped less than 3,000 tons (on a Q4 base of 144,165 tons a small %), so clearly it's not the reason for the further decline in grade. Not sure what the problem is, narrow viens, too much development ?

I hope they can continue to run (many jobs are dependent on them), acheive higher grade, see higher gold prices and you longs can do ok. I'll be looking to buy less risky stocks and primarily those with dividends. I'm holding a few other gold juniors so hopefully I'll participate if gold continues higher.

Glad you guys still have hope, mine got exhausted

Good luck to all


Jan 24, 2014 08:51PM

Jan 25, 2014 09:47PM
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