SAU 4.35% 8.8¢ southern gold limited

Ann: Gubong Project - Bluebird Merchant Ventures RNS Released, page-11

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  1. 787 Posts.
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    Now that SAU has finished the production at Cannon it will not have any revenue until Westgold get the underground producing. No timeframe has been indicated for that but given that Westgold has a processing plant nearby, hopefully it will commence sooner rather than later.
    With quite a few exploration sites being drilled and only $4.5M in hand, SAU will soon get through the cash. Management seem focused on avoiding CRs and debt raising and so we will have to wait and see how far they get with these prospects. I guess they can farm-out again to keep things moving if they run short.
 
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Currently unlisted public company.

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