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Message: Re: SGR and Goldshore .

Oct 23, 2007 06:42PM

Goldshore is an entirely different approach to gaining benefit from the Rice Lake Greenstone Belt which has gold deposits all through it.  While there are many claims with various companies that show promise, in the middle of it all stands the Rice Lake Gold Mine where we have more than just "promise" or "hope" but ongoing new discoveries of actual rich gold-bearing veins.   This is what sets San Gold Corp apart from all the rest, in my opinion - they are miles ahead of any of their neighbours in establishing verifiable resources that are economically viable to produce. 

However, besides that, SGR does have full rights to a huge area around the Rice Lake Gold Mine itself, as well as joint venture rights on other lands.   That makes for a huge growth potential on top of the proven or probable resource that is already there.   And the shares of the company are still trading around $1.30 - in my opinion, a very low share price for the value that is there.   And to think that these shares were around an even dollar only a couple of months ago - what an opportunity that was!

On top of that, there are many reasons to expect that the price of gold may climb steeply over the next year or two.  While this idea is perhaps disputable, depending on who you listen to, it is not just pipedreamers who are predicting it.  And if the price of gold does soar, at the same time as SGR's production climbs into full gear, and while they continue to add more mineable ore locations....I can hardly imagine what gains there might be!

Even if the price of gold does not soar, the maturing of SGR to full production makes this stock one with high potential for large gains.   JMHO.

Lion 

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Oct 23, 2007 08:01PM

Oct 23, 2007 08:17PM
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