TSX:SGR.UN - Post by User
Post by
TedOwenson Sep 21, 2013 2:36pm
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Post# 21757374
Rice Lake total resource potential limits price rise levels
Rice Lake total resource potential limits price rise levels
San Gold is a decent company but the limitations on the possible gold resource levels which could be returned from its Rice Lake operations will ultimately determine how big the company can get and how high the price can rebound. What San Gold needs is another resource base outside of its Rice Lake operations in order to allow it to shift it possible future price valuation.
Rice Lake is a modest project that will support mining operations for some time to come but this is really all it has and as such, future project generation is where it needs to focus on in parallel. At this point in time there is growing opinion that their entrance into the Timmins Camp is being perpetuated for new project generation purposes.
SGX Resources is part of this growth mandate which appears to be very much intergrated into San Gold's earlier purchase of property in the Timmins West Camp late last year. One project of which is already known to be on the table for some major news later this year.
This will be a 10 to 20 buck play by next spring if all goes as is being heard in the back room coffers. Gold Corp is part of this discussion.