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

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Message: Brent Cook on BNN

...very informative Brent..........Brent mention if the financial system gets and worse then the junior resource sector could get hit hard as good Co. get sold along with the bad. Brent said he is sitting mostly in cash as Dec / Jan usually present good buying opportunities. Brent said 85 million oz a yr must be found in-order to meet Global demand and that young producers with a low cost and high Margin will do well. The key here is the resource must show a good profit margin per oz to produce. Brent mention, ore makes money and waste looses money so consider a one meter wide vein of 5 gr over 25 meter still has 24 meter of waste which calculates to .02 gr.. Brent"s web sight ( exploration insight ) has a calculator to plug the numbers which could help to figure out the feasibility of a project. Brent looks for projects over 5 million oz potential as he sees 5 million oz of 5 gr to build the mine and should have alot of upside in finding more oz to continue to mine. Brent harp on the fact metallugy was key in alot of rare earth and gold projects as oxadized ore was cheaper then sulpher ores on a cost bases to produce . He also said to understand the ground , as being to soft to mine then very costly. Labes in the Yukon are averaging 6 wks turn around time so alot of juniors ( wlv ) are waiting for results before they can pick their drill targets hence the share price drop as investors wait for news. Interesting here is how Brent explained how a Company can misslead ( not intentional )their drilling as news of all the drill core could be from one horizontal vein at different intervals which Brent calls this selective samples and not respective of the area so buyer be ware... Brent mention he prefers exploration over production and thought San was over her growing pains. He said San has good success with drilling and should see there cost come down.............Traps7

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