fasteddie:

I can't believe we are sitting at 6 cents with EVERYTHING SGX has released over the past year. What the heck is it going to take? This market is completely irrational right now, expecially in the junior exploration space IMO. Over the past few weeks I have noticed many quality juniors regaining some of the loses they have expecienced but not SGX, or KXL for that matter. Why? No idea. Good news keeps coming but nothing. There always seems to be 'something' holding SGX back. Most recently, more than 3 million GMP shares hitting the market in a liquidation-like fashion.

Like your $170 million figure but don't forget about extraction and production costs. longbomb threw out a cost per ton guess some time ago with his resource estimate (not far off BTW, good job lb!) of $40 per ton. Thereofore, even if we increase this by 50% to say $60 per ton, to allow for mill construction, infrastructure, etc. (a complete guess meant to be 'worst-case'-type scenario) we have total costs of about $116 million. Still (even with this likely out-to-lunch cost estimate per ton) leaves SGX with a $54 million resource... and that's at todays discounted copper prices.

More good news and we continue to churn... not even much churning going on today... volume virtually non-existent. What will it take?! Drill results from GE as we have all said previous. We wait.

red911