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

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Message: Realistic Guidance

Realistic Guidance

posted on Nov 13, 2009 05:53PM

In 2nd quarter's MD&A they stated

"Work on an updated 43-101 document for the Hinge area is underway and expected soon."

In this quarter's MD&A there is no statement like the above mentioned but they did have this:

"The Company’s growth strategy is two-fold: (i) to establish a profitable mine production level and (ii), to continue exploration activities towards increasing the level of reserves and resources."

This is definitely a new direction for guidance as they have already achieved a profitable mine production level and they are definitely increasing the level of reserves and resources. Is this underpromising and over delivering?

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