Taechang Mine - Low & High Targets at Gubong Mine, page-24

First 24 Last

Share
Profile

Follow
1ForDaMoney

5,521 Posts.

142

06/08/17

19:10

Post #: 26322738
Share

Originally posted by TrendTracker ↑

Some good posters on SAU.

I have been reviewing my stocks so had another good look at SAU. Personally looks the best stock I hold in terms of risk / reward with a tiny EV plus a dividend coming to loyal holders. Love the combo of high reward with SK and potential cashflow from Aust.

From the announcements it looks clear that Bluebird are looking at Gubong coming into production within 2 years. High grade with the development done for us. The quality of Bluebird management is outstanding.

The tone of announcements indicate strongly to me that Cannon Deeps will be mined. The language wasn't great some months ago, but it is much clearer now that they intend to mine this deposit which is great for cashflow.

Glandore and Lake Consols look to have potential. Hopefully we can mine some smaller deposits to keep cashflow going.

Of course Weolyu looks the cream of the crop and a while ago I was hoping one massive high grade drill hit would double the stock. First 2 were no good but indications look good for the third one but we will have to wait and see. If results are good here then the sky's the limit.

My concerns are that with cashflow, massive potential both here and SK and a large amount of newsflow that the stock has a pretty bad chart. 3 big downswings and a high of 46c nearly a year ago. How does that happen with the potential here?

I'm also wondering whether anymore of the SK projects get farmed out? Seems like pretty slow progress and we don't look like getting results from some of these for some time.

Expand

Hi Trend, I think Cannon UG might come in around 32-40k ounces at $960-$1075 Aud Aisc. Potential to mine Dounut jimmy and lavoleous first and go Cannon UG alone. Rough estimates that I have says we can explore and generate enough cash to organically fund SK first production asset easily. Also I expect another great divvie In the next year or so too.
Watch this space...

SAU Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

There are more pages in this discussion • 7 more messages in this thread...

First 24 Last

Add SAU (ASX) to my watchlist

Taechang Mine - Low & High Targets at Gubong Mine, page-24

Top Stories

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

ASX Market Close: ASX closes above 8,400pts on green Wednesday | Nov 27, 2024

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up