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Message: Re: E-mail and answer from a director

Courtney said;

Dundee has a report that actually shows all of the analysts estimates for the Hinge so far - these are quite educated people making these estimates and not the Company. Running 10 drills and discovering gold in most all the holes takes a long time to process since you have to log every core if there is mineralization and that all dictates which direction you go on planning your development work and also aiming your production stope

The main thing I got from the e-mail was the fact that the analysts estimates are based on good public information and is not just a wild guess. So I would conclude that since the old 43-101 had an inferred estimate of 1,197,670 ounces, and all of the new hinge ounces have been proven by the bulk sample. We now have 1,602,330 estimated ounces in the proven column with 1.2 million close to surface accessible by a ramp. That is a 400% increase in proven ounces. IMHO it shouldn't take too much longer for the investment community to realize our potential. I also liked the underlined part of his response, remember candid PR in a privately sent e-mail, not facts "yet".

PS

For those that like to criticize SGR management because of stock price, remember we are now in the middle of "October" and if investors that are already in the stock markets are nervous, try to imagine all those on the sidelines that were afraid to invest back in March when they were giving good companies away.

RP

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