https://www.google.com.au/url?sa=t&source=web&rct=j&url=https://smedg.org.au/TLS%2520Terry%2520Leach%2520and%2520Greg%2520Corbett.pdf&ved=2ahUKEwiKoo7L_IvZAhUHFJQKHVEUDoUQFjALegQICxAB&usg=AOvVaw3R9lUWcYOKO37zZWVK8E_
Not sure if this link works as pdf file is to large for HC to upload. Great overview of the types of deposits we are chasing in SK. Has been posted before by @Dingoheeler but still very relevant given the geological setting of SK. Also worth researching the pacific "ring of fire" for any new investors in Sau. If we hit the likes of Hishikari in Japan then $1 a share will be cheap. Just needs a bit of time, money and luck.
I would say Doughnut Jimmy is holding somewhere between 5-10k Oz tops IMHO , but at least close to the surface. Cowara has serious potential but at this stage that's it. It's very much the same for the rest of our Australian leases, great neighbourhood, loads of potential but nothing proven. This last quarterly left me a bit uninspired for the near term with very little exploration planned. None the less with working capital now taken care of by the Cannon deal and great potential for more Oz's to be found plus the chappies from bluebird throwing some mad cash at Gubong I see the downside here being pretty limited. It's the upside we are all investing for and the market needs more proven Oz's, particularly in Korea to re rate this company IMHO @ormond research the Tigris Gold IPO. We secured the SK leases as a distressed asset for a song from Asiatic, after surviving a bear market in gold and unable to raise funding to continue exploring. Simon Mitchell is the connection. Not sure how we would go raising in the current market to drill in SK. I still think the SK government will jump on board via incentives/funding if the numbers for Gubong look good. We will see as I'm happy to hold as long as we continue to make meaningful progress, albeit too slow for my liking
Good luck to all of us
SAU Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held