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

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Message: SGR in the right direction

Up again on volume. Sure might just be following gold sector but I'm ok with that.

With CDN around 0.90 that makes Gold over $1400 oz CDN.

Lets do some quick math. Keep in mind this is quick and dirty and bound to be flawed.

Expenses seem to average about 35 M a quarter

That means they need about 25 000 oz @ $1400 to break even.

They run about 150 000 tonnes per quarter in mill.

So they need about an average head grade of 6 gpt.

Long story short their goal can't be 5 gpt but at least 6.

Hopefully they can find a way to get there.

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