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Message: Re: TDW Report on SGR
2
Mar 30, 2010 12:34PM
4
Mar 30, 2010 01:15PM

The biggest problem with all of these small junior producers is that they try too hard to please over exuberant analysts and shareholders. They do it to survive, but reality is the fact that underground hard rock mining requires huge development that open pit mining does not and this mine is developing slowly to their targets as they should. By doing this mining accidents are low and when fully developed to a level they can achieve on a regular basis will have a long mine life and whoever is still a shareholder will be a happy camper. I hope to be a happy camper. Most of the early posters in this stock are long gone and some are wishing they had stayed the course because the market for early stage juniors has tanked at the moment. Always try to remember that one property in 1500 becomes a mine and from finding the resource to mining profitably can take a billion dollars and 8-10 years. Sans total investment is less than a qtr of that and time wise less than half. Many of the principals have no experience at the level they have achieved and were bound to make mistakes getting to this point. I think we have arrived at the stage where the financial community feels comfortable and we will go nowhere but up from here.

JMHO

2
Mar 30, 2010 02:29PM
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