Yes I agree it won't set the market on fire however it should provide cash to keep the drills spinning.
Is it not possible for SAU to do the minning and get oun of the local mills to process the ore? Why should SAU give away profit to third parties. The area of this small resource is tiny and not deep, many farm dams would require more technical work than this. The major cost involved probably would be transferring ore to mill.
BMV have 12-months from been granted access to provide report, that would be mid year so it will be interesting to see how SAU respond if they are late , could be why they are fast tracking the last buy in. It could also be why BMV are been a little slow providing actual resource results to market.
Sorry if I gave anyone the idea that the SP was about to rocket how ever I will be very disappointed if we don't manage to improve our position a little. GLTA.
SAU Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held