SAU 4.35% 8.8¢ southern gold limited

As I said many times before - its all about SK - SK or bust....

  1. 303 Posts.
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    As I said many times before - its all about SK - SK or bust. Progressing to mining in SK should be the only focus for SAU's tiny cash reserves. 10,000 oz per year at $500/oz profit = $5m ... even artisanal mining methods make that attractive to a company with such a small MC. 100,000 oz/yr = $50m (SAU gets 1/2).
    Needless to say, the strategy of Kalgoorlie funding SK needs to be turned on its head. Severe performance hurdles for Kalgoorlie should see many staff redundancies .... but will it happen soon enough ?
    SAU remains a lottery ticket ... low probability of a possible exceptional outcome.
 
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Currently unlisted public company.

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