SAU 4.35% 8.8¢ southern gold limited

Ann: Tenements Granted at Deokon, South Korea, page-6

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  1. 732 Posts.
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    Can't say I agree. Do you want a SP of say $5.00 in 5 years or would you sooner a SP of $17.50 in say 8 years same market cap same production . I worked on 280 m and 80 m . Now too back track the 17.50 to 5 years , reasonable expectaions 7.50
    I can live with the idea of selling some assets to bring on production however senseless capital raising is not on.
    I was disappointed that the Bluebird partnership isn't establishing a small scale processing plant as a first priority , this could have been used to process samples of ore from the many other mines, create some positive cash flow and start training foundation staff. This will be a very slow process and can't be done quickly.
    Best luck to all.
 
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