SAU 4.35% 8.8¢ southern gold limited

Ann: High Grade Gold in RC Drilling at Transfind South, page-6

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  1. 2,900 Posts.
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    We don't need to make anything happen. BMV is on target for low cost start up of two high grade mines and WGX has paid up money upfront for an interest in Cannon underground. Assuming NST see the same thing that WGX does that should be three producing mines in 18 months (all going well).

    How many gold mining companies are 100 steps behind doing surveys, drilling holes, all in the hope that they are one of the lucky companies hoping to have a mine up and running ten years later...

    Plus exploration upside in SK for an EV of $10m. There are shells on the ASX near that value.

    It's certainly a slow journey at the minute though.
 
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