TSX:SGR.UN - Post by User
Comment by
marketmineron Dec 28, 2006 10:51pm
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Post# 11931426
RE: Cartwright zone
RE: Cartwright zoneMy guess is that the 400K oz is only about 10% of the potential of Cartwright... This may take several years to prove up and will not be a priority after the next revised resource est comes out for Cartwright / Gabriell. Also after the San Antonio new resource estimate comes out they should be sitting on 25 years or more of production.
Next hurdle is to prove profitability of mining ... oz poured is the missing link right now... when this has been disclosed and if it meets expectations I expect SGR to follow the turn in investor confidence as EXN has recenty enjoyed... similar float and circumstance... with profitability shown the investors are buying at the ask... this will happen to SGR as soon as the doubt has been eliminated...JMHO
To hit a long drive, you have to follow through.