You've got very wise and level head @solibricks! I'm actually not overly frustrated that the market hasn't caught on yet or requires proof/facts like drill results and JORC resources/reserves. You obviously enjoy doing your research and due diligence and this gives your insights added credibility, whereas I probably get a bit carried away with circumstantial evidence.
I came across SAU when doing some DD on SLR. I heavily bought into SLR with 400000 shares when it was only 14 cents. I was happy with my eventual profits from SLR, however, I didn't think that highly of them in the long run. They were obviously way undervalued at <$0.15, however, not exactly the most exciting growth company. I began converting some of my SLR shares into SAU, because Kalgoorlie seemed like a pretty good growth story in itself. South Korea immediately appealed to me, so much so, that my greed emotions took over. I have fear emotions too. However, SAU seem a bit like SLR at the time of 14 cents/MC 70 million. It could go lower, but eventually sellers will run out and small capital inflows exert exaggerated upwards "pressure " on SP. Viability of SAU is very good too. Risks are well mitigated by management.
I do wonder if Weolyu or Kochang's rocks were discovered proximal to Australian mines like Cracow or Pajingo, what the market excitement would be. Or if Gubong or Taechang were about to feasibility studies performed on them (if they were in Australia). I think the market could easily get hyped over these sort of announcements. South Korea is a big "unknown" to Oz investors. I think this has a lot to do with the overall lack of excitement. Investors sure understand drill results though. Bring em on!!
SAU Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
