TSX:SGR.UN - Post by User
Post by
hydra100on Dec 26, 2010 1:11pm
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Post# 17896031
KING OF BS
KING OF BSThe Fruits of their Labor
Bob Moriarty
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I’m a production guy. I was thrilled to see a company run on a financially sound basis. Right now the company is mining and milling an average of 650 TPD at a grade of about 7 g/t at a brilliant recovery of over 92%. They are on track to produce over 50,000 ounces [pdf] for the year increasing to over 100,000 ounces next year and in the vicinity of 150,000 ounces after the capacity increase in 2011. They are using a figure of $575 an ounce for production costs. Every dollar that gold goes up flows right to their profit.
San Gold is an advertiser and as such, we are biased. The company maintains an excellent website with lots of information. We remind potential shareholders that we share in neither your profits nor your losses so you must take the responsibility for doing your own due diligence.