TSX:SGR.UN - Post by User
Comment by
marketmineron Sep 18, 2006 1:47pm
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Post# 11379314
RE: DEPTH SHOWS "GAPPING" IS ABOUT TO HAPPEN
RE: DEPTH SHOWS "GAPPING" IS ABOUT TO HAPPENIf all it takes is oz in the ground then why does AEM trade at about 4 billion or $400 /oz
AEM;
Increase annual gold production
targeting 750,000 ounces by 2009
Grow the gold reserves
now over 10 million ounces
Maintain a conservative and strong
balance sheet
$415 million in cash,
no long term debt
Maintain full participation in rising
precious metal prices
AEM has never sold gold
or silver forward
They are currently producing only about 250,000 oz combined this year and..... and .... Next year.
Now considering their cash and available line of credit they could write SGR shareholders a cheque for $4.00 / share or 600,000,000 this would boost them over 300K oz / year imediatley, increase their reserves and blue sky, increase their drilling budget to over 40 million etc etc
One needs to know who the predators are, as well as know your own investment... I see these guys as a very clear and present danger.... They are a good fit with SGR, with many similarities. Not only that the CEO said last week they were in the market for another jr Canadian producer in the 100,000 oz / year production..... How many targets do they have? JMHO
Presentation:
https://www.agnico-eagle.com/files/File/Q2_2006_Results_Presentation.pdf