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Gold/Mining/Energy : Sandstorm Gold

SAND 12.12

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Oct 24 9:44 AM EST

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From: pogohere	9/15/2010 5:23:10 PM
	of 1133

Luna Gold Corp. Brazil’s Next Gold Play Byron Capital Markets 9-7-10 Commercial Production Announcement Imminent: LGC is currently in the later stage of the commercial commissioning process and an update is expected to be released imminently. At a minimum of 56Koz per annum and estimated cash costs of $US516, we anticipate the market will reward LGC for successful execution. Adding Near-Mine Resources: We believe that LGC has significant exploration upside not appreciated by the market at both Brazilian properties. A 20,000m drill program has commenced at Aurizona that will focus on targets near the Piaba and Tatajuba deposits, the source of the current resource. There are 3 drills currently on site with another due to arrive in October. We view the current infill drilling over a 3km strike length at the Piaba deposit to further define resources as highly encouraging for ongoing resource growth. docs.google.com

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