Revision using G relation seen as how we are believed by some to be the next G.

G 733 million shares out

SGR 275 million shares out

1:2.67

G ~ $40.00

SGR ~ $4.00

40(2.67):4

$106.8:$4 sp:mc relation or 26.7:1

Is G worth ~ 27 times more than SGR? Maybe with what is officially reported today but the market usually prices future expectations and if SGR can produce 242k ounces at $295 an ounce we would be on par with G production numbers not to mention our earnings per share should a multiple of 2.67 to theirs. Why anyone would buy G instead of SGR makes no sense unless it's a derivative.

"For the 12 months ended Dec. 31, 2009, revenues increased to $2.7-billion compared with $2.4-billion in 2008. Gold production in 2009 totalled 2.42 million ounces at a total cash cost of $295 per gold ounce compared with 2.32 million ounces at a total cash cost of $305 per gold ounce in 2008. On a co-product basis, total cash costs were consistent with 2008 at $391 per gold ounce.

Net earnings in 2009 were $240.2-million, or 33 cents per share, compared with net earnings of $1.5-billion, or $2.07 per share, in 2008. Adjusted net earnings in 2009 totalled $588.2-million, or 80 cents per share, compared with $397.0-million, or 56 cents per share, in 2008. Adjusted net earnings primarily exclude the effect of a non-cash foreign exchange loss on revaluation of future income tax liabilities and a gain on securities. Adjusted net earnings for 2008 primarily exclude the effect of a non-cash foreign exchange gain on revaluation of future income tax liabilities, the first quarter gain on the sale of the Silver Wheaton shares and a loss on securities. Non-cash stock option expense of $45.1-million, or six cents per share, has not been excluded in calculating adjusted net earnings in 2009. Operating cash flows before working capital changes increased 26 per cent to $1.2-billion, or $1.61 per share, from $933.2-million, or $1.31 per share, in 2008."

I would say we can prove up ounces cheaper than they can acquire them from other parts of the world or on a similar cost as any other company could and the only advantage for G as a company over SGR would be issuing shares for takeover purposes which would be detrimental to existing shareholders and with 733 million shares already out there is absolutely no alpha.