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Message: Read Between the Lines....June 2009 Fact Sheet

Read Between the Lines....June 2009 Fact Sheet

posted on Jun 21, 2009 02:20AM

2009— San Gold has 300 non-union employees, over 15 years of gold resources, and a
conservative base case mine plan to produce 50,000 ounces in 2009, climbing to
250,000 ounces per year by 2012 at an all-in cost of US$360 per ounce.

From what I can gather, the fact sheet is telling us that there is enough ore already proven to supply the mine over the next 15 years at the quantities stated:

2009 - 50,000 ounces

2010 - 100,000 ounces

2011 - 200,000 ounces

2012 - 2024 - (12 years x 250,000 ounces) = 3,000,000

Total proven and probable - 3.35 million ounces of conservative base case mine plan ounces of gold.

If gold stays around 900 bucks, that's $1.8 billion profit

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