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8.8¢ southern gold limited

It's the best quarterly I have read. Multiple FCF generating...

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1ForDaMoney

5,521 Posts.

142

31/07/17

14:58

Post #: 26187564
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Originally posted by Dingoheeler ↑

So the first two drill holes at Weolyu intersected some long sections of Quartz sans any Au and Ag - Bugger! I was recently reading about the discovery of the Hishikari mine in Japan, and it too, took many holes to start striking bonanza grades. These were all over 100 m depth also. So, I suppose it was me being a little too optimistic thinking we might intersect bonanza grades, so early on in the piece. I have to admit.

The third hole looks far more promising though. Not sure if any gold or silver in it (assays pending) however, seems like quite a wide orebody with a reference to the angle. Will have to cross our fingers for these hole 3 results.

I really liked the confident and upbeat tone of this quarterly. Obviously there's many things coming through the pipeline that can't be reported yet. I think our money is backing some very high quality people on top of some great rocks. I'm happy to be as patient as long as it takes.

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It's the best quarterly I have read. Multiple FCF generating options subject to economics plus Cowarna. Focus on the Aussie assets and anything in SK is a bonus imo.... if they acquire George's reward cheap. I will double my stake no probs at all.

SAU Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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