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San Lorenzo Gold Corp V.SLG.RT


Primary Symbol: V.SLG Alternate Symbol(s):  SNLGF

San Lorenzo Gold Corp. is a Canada-based company engaged in the business of exploring for and advancing mineral properties. The Company is focused on exploring for gold, copper, silver, and cobalt. The Company has three 100% owned properties in Chile: Salvadora, Nancagua and Punta Alta. The Salvadora property is being explored for large scale copper-gold porphyry targets and high-grade epithermal gold-silver-copper vein systems. The Salvadora Project consists of about 25 exploration concessions and nine exploitation concessions totaling 8,796 hectares (ha). Nancagua is a high grade mesothermal gold-silver prospect and has six linear kilometers (km) of veins. The Nancagua Property is located approximately 120 km south of Santiago, Chile. Punta Alta is an IOCG prospect with related disseminated and vein style high grade copper-gold-silver-cobalt mineralization. The Punta Alta property consists of seven exploration concessions totaling approximately 2,000 ha.


TSXV:SLG - Post by User

Bullboard Posts
Comment by zorgon1on Mar 08, 2012 4:30pm
475 Views
Post# 19645886

RE: RE: RE: Why Am I Down ogodoo

RE: RE: RE: Why Am I Down ogodoo

The absolute worst case (according to the news release) is that they would have to raise money to match the 10 million pounds sterling cost overrun tranche and that wouldn't happen until after production has started in the 2nd half of the year.  It's a nuisance but not a deal breaker and really shouldn't affect the share price to the extent it has (30 bloody % in two days).

  I'm more concerned that it may delay testing in Romania and postpone the planned well on Cladhan in 2012.  It seems to me that progress in Romania is critical after years of delays.  Mind you, the market was giving zero value to those plays anyway.

Bullboard Posts