No mention of WGX's sale of SKO adversely affecting SAU's position in the half yearly which is good. Ties in with comments today from @Samdent
Bulong targets to be tested in 2018.
The Glandore project has consumed a fair chunk of our budget, as we zero in on earning 90% from Aruma.
Nothing hinted from Doughnut Jimmy.
Lavaeolus was a flop. Lankin was a flop. Lakes Consols could be seen as a flop too.
Transfind program planned for early 2018.
Cowarna project awaiting approval of the work program, with field work to commence asap, anticipated 1st half 0f 2018.
Gubong, Kochang and Weolyu progressing nicely. Taechang has a bit of buzz about it.
Hampyeong is exciting the group as a "walk up" drill target, which will see activity early in 2018.
Expect news of more tenements granted to SAU this year in the south of SK. (I wonder if BMV have spread themselves thin with all they have going on at the moment, or if we can attract someone else to farm in?)
No mention of any progress in Cambodia whatsoever.
$3,116,765 cash at 31/12/17. Add to that the $1.5M cash WGX paid upfront to take on Cannon UG.
A number of tenements will likely be relinquished due to recent heritage re-instatement. Four further tenements relinquished during the period. All un-named.
BMV happy to make equity investments in SAU at $0.386/share (+40% premium to current prices) and will assume operatorship
All in all, not a bad report. Progress is slow for most, but there will be no doubt about the quality of the resource/s that will be proved.
SAU Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
