Re: Are we overvalued???......N... 07

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

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mbgld

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Re: Are we overvalued???......N... 07

in response to

Re: Are we overvalued???......N... 07

traps7

posted on Apr 21, 2009 08:28AM

I'm aware of that valuation model. That being said money in hand is better than in the ground. One would hope that if we ever get to producing about 200,000 oz/year, never mind the silver and copper credits Newgold has we are over $2.00/share. I guess it is interesting as to why Newgold is only trading at $2 with #s SGR would kill for.