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

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Message: Year End

Azzurri, I more than anyone hope that my prediction is correct. When I first started blogging here I was for all intents and purposes a rookie. If there is anything positive I can take from owning so much of this stock is that it has given me lots of incentive to pay attention and learn as much as I can. I am in my 50's and have learned more about global finance, capital markets and central banking in the last two years than anything previous. I was warned by Hotmuck that gold mining was a tough business and that it will take time to show a profit, however i was convinced that a 20,000 ounce quarter was just around the corner. Remember it is Comex expiry today and IMHO the POG should stregthen and along with it gold producers that have all of their necessary infrastructure payed for. Sangold should be quite capable of motoring along at 1200 tons per day and sooner or later we are going to see some of the high grade go through the mill. At 10 grams per ton we would have 11,500 ounces per month. IMHO it is not unreasonable to eXpect to see some of those months in the future. Even if we can only acheive the historical average of around 8gpt that will give us almost 30,000 ounces per quarter. With a mill upgrade to 1800tpd at 8gpt we would have 170,000 ounces per year. I am still a bit of a dreamer and am hoping that the grades will go up and the geological model will unfold dramatically in our future.

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