Re: ...Inferred Resources..
in response to
by
posted on
Nov 30, 2010 11:32AM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
I just read Dundee's assessment of the Rubicon resource estimate. They comment that RMX hit one out of the park, however are very cautious about the methodology used in the estimate. Similar to SGR, RMX did not use a high cutoff so like SGR the bonanza holes are anomolies that may or may not be indicitive of overall grade. This may or may not result in a similar downgrade of the resource like we experienced. They have gone from buy to neutral with a target upgrade from $6 to $6.40. Hopefully traders will use this opportunity to move their trading position to something that is undervalued like(IMO) SGR. You paying attention Silver lol