San Gold Corporation

Maybe I am wrong, but if I was building a company, the first thing I would do is not show any material profit until I am at a point were I could truely make a decent profit. Therefore I do not pay taxes and can further write off items. Once I reach a point of enough known reserves that can fuel my growth for sometime to come I would then show a very good profit and then grow my cash reserves to fuel further growth and expansion down the road. This would make the very low share price of today look like a steal. The true investor buys on dips like these and will profit down the road.