Topic: How To Invest

I’m brand new to your Inner Circle but have subscribed to a couple of your publications for several years. I would be interested in your current views on San Gold. Thanks.

Article Excerpt

San Gold Corp., $3.27, symbol SGR on Toronto (Shares outstanding: 266.3 million; Market cap: $870.8 million), operates the Rice Lake gold mine in Manitoba. The mine is located about 200 kilometres northeast of Winnipeg and west of the Red Lake mining region in neighbouring Ontario. The Rice Lake gold mine produced 1.36 million ounces of gold from the time it was opened in 1932 until 1968. It then remained idle for almost thirty years until Rea Gold Corporation decided to rebuild it. Rea installed a hoist, drilled a new shaft and built new surface infrastructure. It also expanded the mill. But before Rea could begin mining gold at the site, it ran into serious financial trouble and filed for bankruptcy in 1997. Harmony Gold Mining Ltd. of South Africa bought the property in 1998, and produced 110,000 ounces of gold before low gold prices prompted the company to close the mine in 2001. San Gold bought the property in 2004. By that time,…