Timmins & Beardmore - Northern Ontario

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Message: Near Surface High -Grade Gold Discovery...

Near Surface High -Grade Gold Discovery...

posted on Jun 16, 2009 04:25AM

"The company will issue a NR with results and details at a later date."

Oh well... can't say some of us didn't try to get some additional info out of the company. Never hurts to ask.

As we wait for DRILL results (again, finally! LOL)... the only question now is... current market value of SGX with 236 million shares out (after Puma deal closes) at 7 cents is $16.5 million...

How much is a newly drilled, near-surface, high-grade gold discovery in the Beardmore-Geraldton gold camp worth in this market?

Will such a discovery matter in this market with so many shares out? Will we see an additional $10 million added (i.e. market value $36.5 million or 11 cents)... will we see an additional $20 million added (i.e. market value $36.5 million or 15 cents)...will we see an additional $40 million added (i.e. market value $56.5 million or 24 cents)... will we see nothing added to SGX market capitalization because this value already being reflected in share price?

Assuming (at a minimum) this initial drill program delivers comparable results to previous sampling results... What will be the value of SGX be after these highly anticipated drill results are released?

Any speculators out there?

red911

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