Ann: Gubong Project - Bluebird Merchant Ventures RNS Released, page-30

Hi @nickyboyGB,

Look a little deeper and you will find it well...stranger.
Have a look at the last few co announcements.  

SAU have $$4.6m in cash
WGX (market cap $544m) are developing SAU underground mine in Australia with expected $5m payable to SAU in the next 12-18 months.  With further underground potential very possible.
SAU have other assets being drilled in Korea and Australia this month and next.

BMV need to buy/place $250k in SAU shares at 38cents for their 50% of Kochang and another $250k in SAU shares at 38cents if they want 50% of Taechang.


Most importantly.  SAU are doing exactly what they said they would do.  Explore and define ground then pass to another entity that will develop the mine and deliver SAU a revenue stream through production.  All while SAU avoids mine development risk and mining risk.

If you like BMV you should love SAU.