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

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Message: More from Dundee

they may indeed miss the gold rush......so what.....they will still be a viable operating mine.....the money being spent now on developing production faces can only bode well for us in the future whether gold tanks or not.......although im a greedy s.o.b. when it comes to dilution due to doing pp and or flowthroughs....i have come to realize that overall raising money at 1400 per oz costs me less than when gold is at 600 per oz......i suspect that if gold were at 600 today we would either mothballed or out of the mining business altogether.....why you ask?....you can only highgrade for a limited time before that high grade material runs out and if gold does not come up in price then you do close the doors.....with the capital being raised and spent now to develope multiple production faces combined with the potential mill expansion.....a more sensible avg mine grade can be achieved....during good times you can take lower grade mixed with high grade and still make money....during bad times you either mine just high grade and or increase through put through the mill....thats why im relatively more optimistic today than i was 6 months ago......and i do think they have got their act together.....we'll see what the next 3 quarters are like.....the proof is in the doing....or my b...llshite....what do i know....but it sure makes me feel omnipotent

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