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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

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Message: Agnico Eagle On The Hunt

I think you might be missing that fact of how dulited this stock is. I am not familiar with Corona but as for SGR if it goes up 0.10 $ thats 20MM increase.

I think a lot of time people dont look what the market capital increase is and are only concerned in share price.

Ignoring share price, what should we be worth as a market capital stand point of view?



Say we have 3MM oz and cost to mine is 350$ and gold sales are booked at 900... so we make a profit 550 per oz. So in theory if we mined and sold all our gold we could be worth 1.6 Billion. however our current 43-101 says we only have 1.6 MM and so we are worth 880MM but keep in mind thats best case scenario. Gold in ground is not worth the same amount as gold that is sold and booked. If its still in the ground it should be worth at best 1/2 (if we are lucky) that bringing us to 440. And currently where are we? 450? So we are in a sense overvalued.

Keep in mind everyone is anticipating 3 MM oz to be on the next 43-101 which should be release soon so we should be worth 800MM (as a best case scenario). So What does that mean? expect share price to go up to the 3.50 range in the next year but no more then that unless they find more gold. We have so much dilution its not even funny. As for the short term, dont expect massive gains. We should have some increase but nothing significant till we know how much gold is in the ground.

Thats my 2 cents.

Jeff

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