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Message: Re: Horseracing, RMX vs SAN
1
Jun 25, 2009 10:33AM
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Jun 25, 2009 10:40AM

Jun 25, 2009 10:51AM

Something to keep in mind, RMX SP may have moved (as a percentage) much better than SGR's, the market has come to realize its potential, but in reality the market cap really only aligned itself to that of San Golds market cap...well within 10% of it anyway ($520M for SAN and $567M for RMX)...what this tells me is that the market considers both SAN and RMX to be relative to one another at the moment. the market has priced SGR for an expected resource of 3 mil ozs...at AGM Dale was suggesting that a premature 43-101 would have caused a fall in SP which suggests that we didnt hit a 3mil 43-101...what we all need hope for now is that the delay and addition of ozs. to the 43-101 will come in at over 3mil ozs, then SP should move...coupled with more finds and strong gold prices then we will really see movement in SP.

3
Jun 25, 2009 01:02PM

Jun 25, 2009 01:04PM
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Jun 25, 2009 01:06PM
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Jun 25, 2009 08:52PM
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