SAU 4.35% 8.8¢ southern gold limited

Ann: High Grade Gold Defined at Doughnut Jimmy, Glandore WA, page-15

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  1. 732 Posts.
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    At least the first point should be well advanced and announced shortly.
    I've been trying to assess Doughnut Jimmy and am wondering whether this could be faster to develop than Cannon. WA government seem to be keen for cash so approval should be reasonably quick and as pay dirt is at surface, capital out lay would be minimal. The only problem that I can see is that the gold bearing ore may not be easily identified and separated when mined.
    Can any one tell me why the big four banks don't have SAU approved for
    Margin Lending, I wouldn't recommend borrowing money to buy SAU however for someone checking out SAU this could be considered as very negative? Is it because we are debt free?
 
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