TSX:SGR.UN - Post by User
Comment by
TedOwenson Dec 19, 2013 2:02pm
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Post# 22023563
RE:TedOwens - What a difference 90 Days makes eh?
RE:TedOwens - What a difference 90 Days makes eh?We still back what was written and nothing has changed over the past 90 days...... San Gold is still a long term hold and Rice Lake is not where the big returns are going to come from over the short to medium........ Timmins developments have the only capacity to turn around San Gold's short to medium term picture due to the much higher potential to introduce a significant speculative component at a scale which could move the stock outside the production valuations attached to Rice Lake. We are long on San Gold coming back into focus in a few years but are very optimistic that the Timmins projects, especially the West Timmins project holdings, have the capacity to introduce much more and much earlier in the San Gold growth cycle over the coming 12-24 months.......... San Gold just at the present time, is not investment grade if your placing all our your investment hopes behind both Rice Lake and the price of gold.