San Gold Corporation

Even with Barrick trading @ $60 that would be close to a share offering of about 47 million shares to get $10/share for SGR. That somewhat puts it into perspective as to how much more gold we need to find before that SP is viable. Producing 250,000 oz/year @ a $500.00 profit gives us about $125 mil/year. All things being equal and no hick ups or finance costs they would be even in about 20 years assuming the POG stays up there.

Any thoughts?

Me thinks we will be sold for much less if at all. Just trying to get my head around it, that's all as more than one analyst feels we will be bought out.

Never very good @ math.

Cheers