Taylor says buy San Gold
Ticker Symbol: C:SGR

Taylor says buy San Gold

San Gold Corp (C:SGR)
Shares Issued 312,576,841
Last Close 11/30/2011 $2.00
Wednesday November 30 2011 - In the News

Jay Taylor, in the Nov. 21, 2011, edition of Gold, Energy & Tech stocks, says buy San Gold Corp., recently $1.87. Mr. Taylor said buy seven times from Oct. 16, 2006, to April 18, 2011, at prices ranging from $1 to $3.39. Assuming a $1,000 investment for each buy, the $7,000 investment is now worth $8,495. San Gold earned $1.01-million in the third quarter, up from a loss of $4.62-million in Q3 2010. Mr. Taylor is pleased because San Gold has become profitable under the direction of president George Pirie. This year, the company is drilling 300,000 metres at its Rice Lake project in Manitoba. Mr. Pirie hopes the drill results will translate to an increase in the Rice Lake resource estimate. Meanwhile, San Gold has already started planning next year's drill program. Mr. Taylor says San Gold is one of his favourite juniors. Now that the company is generating cash, the editor hopes it will continue to expand and become a larger miner. Elsewhere in the newsletter, Mr. Taylor says debt and equity markets are likely to suffer from a significant decline within the indeterminate near future -- a week, a month, a year or two years from now. He suggests investing in companies with stable earnings and cash.

© 2011 Canjex Publishing Ltd.