The team assembled is 1st class, between Colin Patterson, Doug...

1. The team assembled is 1st class, between Colin Patterson, Doug Kirwin & Charles Barclay they have over 35 years of individual mining experience and have all done this before in exotic locations on small shoestring budgets.
2. Bluebird is tipping in US1,000,000 and Colin tipped in a further 250k into SAU directly with more to come.
3. M&A. SAU and bluebird are looking at another plays in south Korea.
4. Time frames, they are ahead of schedule by 2 months + in regards to access & are moving there people next week to pitch tents and begin digging trenches, this feasibility report which will be done by end of Feb, with the total cost being funded by them personally.
5. A full bankable feasibility report will then be done straight after commencing in Feb and be completed by July/aug with cost shared between SAU & Bluebird. this to be done for less then 500k
6. Colin and his team are now fully and only focused on Korea they have been searching for the right project since 2012, they will spin off any assets they have in the Phillipines and will invest this additional funds into SK.
7. Colin's aim is to create "real value" meaning how much the project is worth if it were to be sold. Colin has done this before on numerous occasions and specialises in high grade narrow vein mining, turning the projects around extracting ounces and selling it for 10-20 baggers and has done so in most cases he and his team have worked on.
8. Time frames to be in production is 24-30 months from now, but may happen earlier depending on the condition of the old mine and time taken to de water, build a small plant. etc.
9. The old timers were mining 25g a tone, so bonanza grade. Confident that there is plenty of ore not mined remaining due to methods and gold being pegged at $35.
10. Mine going 800m bellow surface with a 5km strike - ( wow) at peak producing 4500 tones per day
11. spoke to a director at BB who believes that there is in excess of 1,000,000 ounces remaining in vein 6, he also believes that all the veins intercept and will be targeting that intersection in due course. ( hard not to get excited). This is obviously not proven yet, But his thoughts coming from his vast experience.
12. This represents a mine life of 5-6 years @ 2-300k ounces indicated resource for this vein alone
13. Small plant will be done in less then 12 months for a cost of sub $10,000,000 Shared cost. Implied cost for southern golds $5,000,000. this can be self funded and i dare say depending on how hard simon presses can be done from cash flow and still have in excess of 6 mil for exploration + capital returns to shareholders.
14. With this small plant it will create Real value but will provide robust cash flows to advance the project to a stage where it will be sold. Keeping in mind the last project was sold by Colin & his team was for US$180,000,000, and this is bigger.
15. SAU is also looking to do more drillings to confirm and explore this mine, they are looking to get things started ASAP.
16. Important to note that colin and his team have enormous connections and are looking for and exit strategy in the the next 3-5 years, i personally think they will be around for longer because they are underplaying the size & potential of this portfolio and relationship with SAU.
17. Ricky Razon is the name of the Philippine billionaire who they sold there last project to for 180 million US.
18. Note they haven't even begun to open it up and already from there vast experience they are in awe.

The more i hear, the more confidence and de risked the project gets. not to mention excited by this amazing opportunity.
Once drill results come in at the end of July or there about's, it will start to get traction and media. not to mention cannon UG resource and decision by end of Aug. once we pass the 0.37 it will go for a massive run on the back of momentum and news flow from SAU & Bluebird.

Thoughts ??