SAU 4.35% 8.8¢ southern gold limited

Ann: Seventh Profit Distribution of $1.5m Received From Cannon, page-32

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  1. 383 Posts.
    It's been perplexing to me that Weolyu's hole3 Quartz vein and further drilling results haven't been released yet. One distinct possibity is that the quartz is relatively barren, however, gives vital "road map" clues to so called bonanza grades.
    Another possibility is that the grades were excellent, catapulting Weolyu mining to number one priority. A deal with BMV (not necessarily a merger) could be beneficial to both parties, however, SAU holding all of the aces in negotiations. I guess this was my thinking with a potential merger deal.
    I'd be surprised if the Weolyu rocks didn't produce some decent results and I wouldn't be too surprised if SAU has already received some great results. Those core samples looked pretty good to me (maybe even some electrum in one of the cores).
 
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