San Gold Corporation (SGRCF)

[goldenpolarbear]

"Higher GOLD Supports Turnaround" for San Gold & eventually the Copperstone Mine in Arizona!

http://www.bnn.ca/Video/player.aspx?vid=468844

"... Thu, Oct 16, 2014 - 11:50 AM
The takeover of San Gold by Kerr Mines involves turning the struggling producer around with a smaller mine plan. A look at how higher gold prices will make that job easier, with Greg Gibson, CEO, Kerr Mines...."

http://www.sec.gov/Archives/edgar/containers/fix210/1072019/000106299310003213/exhibit99-3.htm

".. Highlights of the Study

The Copperstone Gold Mine is estimated to produce on average 45,891 ounces of gold annually for the first 3 years, and have a capital investment payback period of only 13 months. The Study details a total capital cost of US$17.74 million, including working capital, G&A startup, reclamation bonding, and contingencies. The Study estimates the cash production cost to be US$415 per ounce of gold produced.

The After Tax Net Present Value (“AT-NPV”) of the mine is US$51,291,204 and the Internal Rate of Return (“IRR”) is 96.3% in the base case using a future gold price estimate of $962 per ounce and a 5% discount rate. Using the current spot gold price ($1104 per ounce on www.kitco.com on December 28, 2009) the AT-NPV rises to $68,089,302 and the IRR increases to 120.5% . The table below provides a range of economic results at various gold price assumptions...."