San Gold Corporation

"In addition the company finished the quarter with approximately 16,100 tons of ore in surface stockpiles representing an additional 2,000 to 2,500 ounces of gold in front of the mill."

16,100 tons x .15 ounces per ton (4.66g/t) x 93.5%(recovery) = ~2,250 ounces

So the stockpile is somewhere in the range of 0.13 o/t (4.04g/t) to 0.17 o/t (5.28g/t) and is and has always been a non issue if it's the same pile that's been sitting in front of the mill since 2011.

Less than Q1 grade and less than the historic average and 2012 guidance.

The market knows everything there is to know about this company. There are no surprises and the only rumour out there is too unrealistic to be believed.

Does anyone have Pershing Square's phone number?