Since when does SAU want to be an operator of a mine? Which reputable operator would want to buy Cannon if both WGX and NST drop it? Who else of substance is operating in this area? No doubt, with time, SAU can flog off its rights but NST hold the prime rights in their hand. Like or lump it, SAU is tied to the coat-tails of the licence holder.
I am disappointed that SAU did not express some detail from the Bluebird Feasibility Study at Gubong. What was to stop them doing this and qualifying it as non-JORC compliant?
SAU Price at posting:
19.0¢ Sentiment: None Disclosure: Held