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end2war

10/15/11 1:07 PM

#19732 RE: Old Geologist #19723

OG...I think SUGO's share price will move when they get a JV partner to help them... even before any results are seen... If and when the results start coming, from these low levels, SUGO's share price will jump plenty more... but even a decent PR could move this issue off the low valuation it has right now... If they had a deal of any kind they could announce, it would garner interest... I am looking for them to sign with someone that will take a percentage in return for maintaining the claims and doing the initial exploration work... there is also a chance they might flat out sell the claims for a price that would depend in part on what is subsequently found... lots of possibilities in the "deal" category that would move the stock over 25 cents, IMO... The Moore report is a powerful incentive... if a major checks out the underlying documents and concludes the report is sound, that could trigger action... it is up to the current management and their ability to present the matter and negotiate a sensible deal... we will have to wait and see how they do, but the price of Gold seems likely to move above $2000 within the next few months as governments everywhere print money to deal with debt and this surely must be a catalyst for SUGO to get a deal... at some point, CM is just too good to leave unexplored, IMO...