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Message: Cohen (traps)

Hi, Traps,

I enjoyed reading yours and other's posts on skp and sgr board, and got sold with this golden fairway model. Since sgr claimed that they found 5 deposits in the last 18 mths, what do think the chance skp cam make one high grade shot, such as 1 oz/t for 2m or 2oz/t for 1 m or better, in the next 6-9 mths with help from sgr, before they run out the new $7M from Dundee ? Also, which option will serve sgr better, make the JV successful and share 50% gain from 1-2 2M oz deposits in skp's property, or just pour the $1.5M in JV for 3 yrs, without any major findings, but get 50% control; then make another JV with skp to get 50% of another property in 3 yrs ?

Common sense told me sgr would want the JV to be successful to make the best return from their $1.5M investment, but the unusal delay in San's 43-101 and tsx listing and no clear committed dates for those tasks makes it seemingly possible that sgr mgmt can play any kind of unusal tricks.

Pls share your comments and thoughts. Thx in advance.

Fisher

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