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4.35%

8.8¢ southern gold limited

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getready

704 Posts.

22

12/02/18

12:45

Post #: 30993094
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Originally posted by TrendTracker ↑

I have for some time considered that in the future SAU will trade over $1. This would be a market cap of around $50m. Cannon underground to commence in a couple of months and a small pilot plant at Gubong towards the end of the year. With some luck the smaller deposits like Doughnut Jimmy get monetised with the use of someone like WGX. Two mines generating cashflow and blue sky exploration - there are a trillion micro cap stocks on the ASX with much less than that.

This cashflow then permits more large scale exploration in SK where they are very confident of a new discovery or alternatively capitalising on other abandoned mines.

For me progress has been a bit slow. I would like Bluebird or another partner to come in and help speed things up a little. Weoylu seems likely to have massive potential yet drilling and results seem to be going at a snails pace.

http://www.mining-journal.com/resou...cestocks/1311009/exciting-looms-southern-gold

https://simplywall.st/stocks/au/con...res/news/stocks-to-watch-out-for-in-february/

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Someone wants out today. Good buying opportunity?

SAU Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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