SAU 4.35% 8.8¢ southern gold limited

Ann: Tenements granted over large epithermal system, South Korea, page-3

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  1. 732 Posts.
    lightbulb Created with Sketch. 66
    This announcement is good, not the one that Mr Market is demanding and has spoken it's disappointment too, however still adds value to the company.
    I don't think anyone would be happy to see someone else mining this area and SAU not collecting something because we couldn't be bothered to make a tenement application.
    Bluebird is within the next 2 weeks going to put forward a feasibility plan to reopen Gulbong, lets hope the cost and time frame is less than expected. NST is in a very good financial position and is making good it's contractual obligations so at the latest we will see payments in January and considering there financial position most likely a settlement of benefit to both parties.
    I did notice NST's market cap in relation to its production , very impressed and it is a good indication of were SAU is heading .
    First step. Gold production.
    Best luck to all.
 
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