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Message: Going Forward

Going Forward

posted on Nov 23, 2007 04:41PM

This is going to be an exciting few months for anyone with a substantial position. With the big boys now invested they will push for the Big Board TSX-T so that they can margin this stock. With several mines closing in the next few months due to mined out resources such as Eskay Creek, the experienced miners will migrate to Bisset. That will allow the company to concentrate more on development of the 3rd mine(Cartwright) and fine tune and expand the mill and crushing capacity in readiness for up to 1800 Tons per day, and 100,000 oz's per year. with deep high grade the oz/yr could increase substantilly. This based on 200 days production per year and that could also increase with 2 ball mills and 2 crushers. Good price comeback with the selling for the placement and had it not been for the placement we might have seen $1.50 again today. As the FC man says the fun starts next Thursday when the PP closes and news can be released. Hopefully it will be a doozer just before the annual meeting. 3rd Qtr results probably Monday Dec 1?

The SGR management should be paying the lady with the Scandihoovian accent today for her constant phoning in to all the analysts to talk about her beloved SGR. Do you suspect it might have been Marge? She does more for the promotion of SGR than all of the other ads combined. A 3 minute television commercial on prime time tv has got to worth a few grand, and millions in shareholder value. Amazing how they all have no problem talking about SGR now and as Bill Harris said, he watches it every day because he owns it. One of the few new potential multi million oz gold mines to emerge in a long time in Canada. By the time Nova Gold is in production we will all be in retired and spending what we made in this old bull. The metal plays (lead, zinc, copper, nickel and uranium) will be history as the US which is 20%of the market slips into recession. 

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