San Gold Corporation

Quarter ending September 30

8398oz = $8844634 revenue =$1053 per oz

on 582 tpd X 90days = 52380 Tones

8398oz 52380tones = 0.19opt grade

Now lets go to the Hinge

250 tpd @ .49opt development grade = 122.5 oz per day X 96% recovery = 117.6 oz per day recovered. (stoping grades are higher at .63opt)

330 days per year X 117.6 oz = 38808oz per year

Price $1170 (gold price in US) -$300(production costs which may be lower)= $870 Profit per oz X 38808 = $33 762 960 profits

Now lets pretend that the grade down deep is also .49opt

so 800 tpd = 124185.6 oz per year X 870 = $108 128 472 profits

1200tpd = 186278.4 oz per year X 870 = $162 062 208 profits

Now lets go Bond

lets say theres a bit of 5 opt average when we get there - remember this is speculative!

100 tpd X 5 opt = 500oz X 96% recovery X 330 days = 158400 oz per year

Those pending plus new holes on the 007 may state wheather this is possible. Until then we can only speculate.