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

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Message: Q4

My understanding is they are still in development stage, and have a big capex hit this year which will cut production costs significantly going forward. I think the market is waiting to see just what the final innings of the build out are going to cost and where the money is going to come from. Debt financing would be ideal because raising 50 million at this price would put the float up around LSG's. Then again LSG's mc is worth 30% more than SGR for 30% less. It's like the guy with the debt instrument is dangling a carrot and holding the sp hostage as leverage.

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