Taechang Mine - Low & High Targets at Gubong Mine, page-20

Some good posters on SAU.

I have been reviewing my stocks so had another good look at SAU. Personally looks the best stock I hold in terms of risk / reward with a tiny EV plus a dividend coming to loyal holders. Love the combo of high reward with SK and potential cashflow from Aust.

From the announcements it looks clear that Bluebird are looking at Gubong coming into production within 2 years. High grade with the development done for us. The quality of Bluebird management is outstanding.

The tone of announcements indicate strongly to me that Cannon Deeps will be mined. The language wasn't great some months ago, but it is much clearer now that they intend to mine this deposit which is great for cashflow.

Glandore and Lake Consols look to have potential. Hopefully we can mine some smaller deposits to keep cashflow going.

Of course Weolyu looks the cream of the crop and a while ago I was hoping one massive high grade drill hit would double the stock. First 2 were no good but indications look good for the third one but we will have to wait and see. If results are good here then the sky's the limit.

My concerns are that with cashflow, massive potential both here and SK and a large amount of newsflow that the stock has a pretty bad chart. 3 big downswings and a high of 46c nearly a year ago. How does that happen with the potential here?

I'm also wondering whether anymore of the SK projects get farmed out? Seems like pretty slow progress and we don't look like getting results from some of these for some time.