TSX:SGR.UN - Post by User
Comment by
stockbearon Mar 30, 2010 10:43am
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Post# 16939137
RE:
RE:
----------Original Message Posted 3/30/2010 10:04:21 AM----------
tothegoldrush
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$7 dollar share is it possible this year
posted on Mar 29, 10 11:00PM
Instead of looking at the negative why not try to see what it would take to move this stock to $7.00 or beyond. The updated 43-101 only covers the Hinge and the 007.
First the Hinge zones have only been drill tested to 1200 ft (hinge, 007,cohiba,L13)
Do they continue at depth and what are the grades if they do
How many hinge zones are there on San golds property and are there any to the east side of the fold.
How many hinge zones are there on the strike point joint venture.
The 007 has only been drill tested with 17 cores and they are currently drilling around it .
The emperor is being drilled now what lies under it.
The deep discoveries are still a mystery and they continue to drill these .
The cartwright is not producing yet and has not been added to the resource.
any two of the above could add 1million more ounces maybe more this year.
They are only producing at a steady 500tons per day (sometimes 700) but are capable of producing at 1200 tons per day. Once they get to the 007 watch the tons being milled go to 1200 tons per day.
When they commission the parts to bring the mill up to 1900 tons per day that will move the stock up.
Then there is always the possibility of a take over.
What will it take