Don't get me wrong,

I don't like losing my profit either, and if I was really worried, I would have bailed awhile ago.

I think Hotmuck mentioned it, but it needs to be said again.

At the AGM, WpgMoney and myself asked some questions on mining and what amounts we could expect over the next few Q's.

The mill can run 2500 tpd

The amount of rock that they are mining now (or then) is around 1600 tpd. That amount will be increasing over time. The more ore they can mill, the more oz of gold that they will produce. Even if the head grade does not improve, they will still be getting more and more ore to the mill and more profit will be booked. That is the WORST case in my opinion.

What the problem is here is that this is going to take time. Maybe another 2 years before they can mine enough ore to really become profitable. I am sure that for every other company who starts to build a mine, they are not going to start producing 2500 tons a day overnight.

Once they are starting to mine closer to the 2500 tpd capacity, the value will be unlocked. It could happen sooner if the head grade improves, and that is the BEST case scenario in my opinion.

Here is where the patience comes in. If you have an investment horizon of 5 years, you are going to be fine. The amount of time that you have to let it ride, should be what determines what kind of investment you make. If you are 60 and older, and you really need this money, you should be investing in blue chips that pay dividends and corporate bonds if you can handle some risk.

With SGR, the only thing that is a worry is the price of gold, and with the world economies the way they are, I don't think we will go below 1500 for a long time. Obamanomics will not let that happen.

I hope that helps some of you, becuase it lets me sleep at night, and I am a very light sleeper.

Andy

now if some of my other investments stop taking a beating, I might be able to retire too.