NEVER GOING to BE DEVELOPED - TOO COSTLY & MGMT SELLSGF is nver going to be developed, they need a minium of $2 Billion PLUS PLUS - that is not going to happen in this MKT - The Funds and Financing are not there, better assets and properties, for Diamonds, at a lower lower cost. Also, there are producing mines for sale, at lower cost even with the required capital to upgrade these mines. With better grades and sizes.
SGF was a nice story, for awhile, there are strong rumors that even they had an offer or two but Tom and Ken turned them down thinking they could get $$$$???
MGMT - needs to change, first Ken needs to go, bye bye Ken, George takes over. Then SGF needs to look at a smaller scale production that is if it makes sense. Newmont is gone. SGF needs cash and the need for cash means SGF has to issue many many more shares?? Billion?? Two Billion?? or they need some big outfit to come in and buy SGF for a few cents, not 17.5 - over priced like under 10 cents.
Bottom line avoid or sell if you can and run for the hills.
All the above in my humble opinion and based on many years of following SGF and and early investor in Shore and sold out never came back. Also, based on the status of diamond mkts, financial mkts and etc.
PS - SGF needs to shed FNR's involvement in SGF, not healthy that a Zombie FNR holds shares.