There are no coincidences. Someone at Cormark totally front run this NR and crossed 3.7 million shares for some reason. Maytbe it was to cover a short or go short. We'll never know.
| Trades for C:SGR on 20120614 - 100 trades displayed |
| Time ET |
Ex |
Price |
Change |
Volume |
Buyer |
Seller |
Markers |
| 12:19:13 |
T |
1.20 |
-0.04 |
1,000,000 |
73 Cormark |
73 Cormark |
K |
| 12:30:50 |
T |
1.20 |
-0.04 |
1,000,000 |
73 Cormark |
73 Cormark |
K |
| 15:03:53 |
T |
1.20 |
-0.04 |
1,000,000 |
73 Cormark |
73 Cormark |
K |
| 15:27:07 |
T |
1.20 |
-0.04 |
700,600 |
73 Cormark |
73 Cormark |
K |
|
So grade in the measured plus indicated category came down from 11.3 g/t to 8.05 g/t. Still higher than has been produced as of late and a number I can live with if it doesn't go any lower.
So we now have just over 4 million ounces up to the end of March. Another $25 million to spend this year at 26$ an ounce is another ~1 million ounces.
So we have 4,055,000 ounces plus about 150,000 produced since commercial production commenced and another 1 million that will be found this year.
So, let's assume 5 million ounces. What major needs minimum a 25 year minelife and a fully permitted 2500 tpd mine at 8 gpt?(220k ounces at 93%) There's got to be a major out ther that needs to replace 10-20% of their production at a steep premium to San Gold's market cap.
Isn't G down about 200,000 ounces yoy somewhere in the $650/gold ounce cost?
Definitely a drop in their $32 billion bucket.
