Slate Grocery REIT T.SGR

RE:SGR 12 to 24 month projections negative

[TedOwens]

Not to add further insult to injury, San Gold has voluntarily taken remediation steps to scale back operational expenses which, while reducing operating costs overall, have also placed them in the position of hampered production growth capacities which would allow them to reach reasonable quotas that would be needed to be in place in order to bring the stock back up. While Rice Lake has returned decent results from exploratory drilling as of late, the vast majority of future gold resources sits in non bankable categories which leaves a relatively modest amount of reserves that can be attributable towards the companies bottom line....... That's why SGR sits at its present price point. Bottom line is that a heck of a lot more drilling is going to be needed to bring all of those regional level gold discoveries into money positions and it will be a lot harder to do if the size of the operations gets scaled back to save money. SGR will bounce back but its a long, long road ahead and only institutional investors are in the position to wait it out. Retail investors are better off with more stable choices such as Brigus and St. Andrew, both of which are ramping up for a major upswing due to huge results from Matheson.