I can’t remember who wrote this but was posted by myself on another site end of November 2009.

Basically, I think Rubicon's resource will wind up being a lot more than 3 million ounces. Deposits at Red Lake wind up growing consistently over time for the most part. My own back of the envelope calcs tell me Rubicon probably has 5 million ounces or more in their F2 property which would support a price in the $5 plus range in the next two years as the resource becomes more clearly delineated.

With Sangold and Rubicon having a similar market cap, If you were to calculate the value of Sangold Mill and gold production deducted from the market cap, how would Sangold then compare with Rubicon.

RMX.TO Price 4.44 Market Cap 750m

Resource 3-5m?

SGR.V Price 3.40 Market Cap 906m, minus cost of mine 300m? = 606m
Resource ?

Anyone care to comment on the pros and cons