I cant take it anymore.
posted on
May 05, 2008 03:09PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
I am removing Stock house from my favorites. I'm going crazy trying to filter out all FC's and TheGoldSites comments. There is about 1 informative post for every 50. Looks like im not the only one going out of my mind trying to find substance.
On another note, has anyone been to Bissett this year? I wish he had a better idea what there production numbers are for Q1 and what they will be for Q2. If it follows there year end we are lookinga at about 1500-1750 per quarter. Unfortunately we should be hitting targets of 20 000 per Q and im sure once again I'm sure we'll fall short of targets as usual. Im not trying to bash them im just trying to set my expectations low so when they get 2500 oz for Q1 and 5000 oz for Q2 ill be extatic. Following up with a 10 000 for Q3 and 15 000 for Q4. 32 500 oz for 2008, At the pace there going, id take that. Any way my actual guess based on current track record. I'm expecting then to revise there targest down to about 40 000 oz for 2008 and for them to hit about 20 000 and maybe as high as 25 000. Any one else have a different take on realistic expectations.
To further my point im expecting them to be sticking to mostly developmental ore with an average head grade of 0.10-0.15 with an average mill rate of about 800 tonnes per day. I doubt they will ever hit 1200 as they say. Atleast not for 2009. I wouldnt be surprised if they try to expand there facility to achieve there 96% recovery rate but that would probalby call for another PP if they did.
I think this stock is a winner and will make money. I just dont expect it to fly as fast as everyone else seems to think. And im I hope im wrong and everyone else is right ;)
But i suspect a 3$ share price between May 2009 to May 2010. And if it means I'll double my investment in 1 - 2 years, thats an investment worth taking. If i had 1/2 a Million to slap in it, i would invest it all here for this is a stock im sure will beat the index in the long run and could make me rich if i stick around long enough.
Anyway thats enough of me speaking my mind. I keep fantasizing that one day we'll see a Quarter where they produced over 10 000 oz closer to 25 000 but im afraid it will just be a dream for the next 2-4 years.
Jeff