Slate Grocery REIT T.SGR

RE:RE:IAN BERZINS HAS THIS TO SAY ABOUT SAN GOLD'S FUTURE .

[TedOwens]

Ian Berzins appears to be a very practical individual who is making the best of a challenging situation


What Ian Berzins is politely attempting to portray is that they are several years away from becoming cash flow positive at a level which would allow them to increase the growth ratio appreciably enough to significantly affect a share price increase worth watching between now and then.

San Gold will no doubt survive but it is years away from becoming a market darling. The lack of capital reserves to bring indicated and infered resouces into at least the measured and indicated levels is really the issue that presents itself and when further taking into account the capacity to increase production levels which would need to be in place in order for San Gold to differentiate itself from many of the other mid-tier junior, again the lack of capital is the restraining factor regardless of how many future ounces may be in store for further exploratory returns along the Rice Lake belt.

At the present time, it would be reasonable to state, when taking into account many of the available mid tier investment eligible gold producers which could be viewed in the short to medium term as having the best bang for the buck, San Gold is pretty much at the lower end of the spectrum for at least the coming 2 to 3 years. 

Getting back over a buck which was in place prior to the slide is not realistic unless either gold goes over 2 grand or a major discovery would be returned at a level which would rival a 10 million ounce model such as the historical Timmins plays......

Now if only SGX would let the cat out of the bag and help out big brother....hint hint