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

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Message: 2010 Financials

Reading the press release there are a couple things that stuck out.

- $825 average cash cost - starting at over $1000/ounce. This is incredible high, but good to see it go down to $650. Good thing the price of gold is well above $1000 at the beginning of this year.

- I guess the SP dropped because most analysts were expecting either a profit or breakeven. They didn't get either, so what do you do? sell! Plus gold is down today.

- Silverback has a good point, nice and clear presentation

- I like seeing our revenue double, and production going to double this year.

All in all I am happy to see this progression. Looks like next year we will be classified as a commercial gold producer (100,000 ounces mined if I remember correctly).

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