Re: San Gold is Moving Forward
in response to
by
posted on
Aug 15, 2011 05:38PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
The only way drilling would be too fast would be if they couldn't afford it. IMO. Can you prove up reserves too quickly? I don't get that one??
Maybe you will get when they have to go back to get more money and dillute the share base even further. There has to come a point at which cash coming in and expenditures going out leaves a profit. If the price of Gold had not increased so much the loss would have been equal to or greater than 2010. Please show me the results that justify all this drilling and I will be a happy investor. They have doubled the drilling costs from 2010 tell me what they have discovered since then 500 drill holes I believe they are up to. They will never be cash flow positve if they keep spending and god help us shareholders if the gold price drops substantially.