Ed: with just a quick glimpse I note that the San Gold report is woefully outdated back to 2006. I don't have time to do some in-depth sleuthing right now but if the figures are based on 2006, there have been some dramatic improvements to the upside in both resources and grades with incredible new discoveries in the hinge zone and increasing tonnage at depth, open both to depth,laterally and towars surface. All indications are that this deposit is an extension at depth of the famous Red Lake (Goldcorp) formation. The hinge zones have several, prolific discoveries with more upside and with high grades near surface. All discoveries and deposits are in close proximity to the mill. San Gold is in production with increasing resources. In my most humble estimation this is one of the most underpriced explorer/producer/developers in the world.

Just my opinion.