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Message: Re: Something to Think About
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Mar 06, 2010 03:44PM
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Mar 06, 2010 05:39PM

The 007 zone has 75,000 tons of 88.4 g/t and 294,000 tons of 61 g/t.

They have the miners and the machinery to easily extract all 369,000 tons of that zone in one year and run it at a reasonable 96% recovery and produce a whopping 687,890 ounces of gold.

It could be a little premature to want to extract this low hanging fruit at $1100- $1500 in say a years time if the price of gold is going above $5000 dollars in 2-3 years time. The cost of these ounces are far better value than Krugerrands in the bank.

I would prefer to see a more moderate gold production of up to 150,000 ounces per annum with the higher grades kept in reserve, by proving up the most amount of ounces .for a higher gold price would IMO be the best way to go. I can’t think of anywhere better to invest my cash for the longer term than the high grade reserves of San Gold..

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Mar 07, 2010 03:34AM
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Mar 07, 2010 11:52AM
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Mar 07, 2010 03:20PM
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Mar 07, 2010 08:01PM
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Mar 07, 2010 08:24PM
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Mar 07, 2010 08:55PM
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Mar 08, 2010 10:04AM
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