posted on
Feb 02, 2011 10:52PM

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San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.

Message: Re: So sell?
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Head and shoulders. Usually negative but she's way oversold and this thing has to bottom one of these days.
Hopefully the bottom is in and 2.63 is the old .57 and the high of 5$ is the old 2.25 which just so happens to be the 38.2% level for the move from .57 to 5$. If history repeats which is a 100% crap shoot then $5 at %38.2, yields a sp target of $8.85 ~ 2.75 billion market cap fd. Then again maybe it goes to 25 cents.
No absolutes, but you could have made a lot of money trading the curve
Bullish price objective 3.93
Then again maybe we get a $3.6 billion Andean deal. Using some of the math around here, they got $1161 an ounce for their gold. Sure there's some silver in there and 25k hectares of potential gold bearing property but that's nothing SGR doesn't have.
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