I always appreciate a contrarian point of view as a yard stick...

I always appreciate a contrarian point of view as a yard stick to my bullishness on any stock...so thank you.........but I have to disagree with you on a number of fronts

"the market is on the verge of having a nervous Trump breakdown"
Possibly but......It was the trump rally and subsequent substantial fall in the POG that saw our share price fall drastically last year. To see the market realise that it is not going to be that easy to "make America great again" is great vindication for me as a gold investor. POG currently rising strongly

"gold is no safe haven let alone gold stocks"
Safe haven demand is currently sending the POG higher in all major world markets. Companies with cash in the junior explorer space survive and SAU is currently in a strong cash position as an explorer, as well as an inventory of gold on hand to capitalise on any increase in the POG

"..... juniors are getting crushed."
I hold two comparative gold explorers and have a large watchlist of our peers, none are down more than 5% today. Most finished flat

"although even these are incredibly volatile these days implying a weak underlying demand for gold"

I'm sure you would agree that the POG has been volatile in recent times, thereby affecting gold producers margins and share price particularly when the market has them "priced to perfection". POG trading solidly above $1200USD, more or less, throughout Trump rally suggests demand remains strong

"and that the diminishing net profit from Cannon will be quickly dissipated"

From announcement Cannon Mine – 7th Gold Processing Campaign 8/3/17

When the results of this campaign are added to the six previous campaigns, total gold produced at Cannon now stands at 44,576 oz. gold, or approximately 81% of the gold estimated to be recovered under the current base case (~55koz). Recovery continues to be excellent and above the original forecast of 86.4% with the seventh campaign achieving 90.67%.
I don't see "diminishing net profit" in this statement. Original base case was for 50k oz, current base case 55k oz. 10% more gold from original base case and POG currently rising.

"will not find capex funding sources".
From Announcement South Korea Presentation 21/9/17
There is also a government financial subsidy programme for exploration and mine capital expenditure (e.g.: the current KORES sponsored drilling at Kochang);

I'm sure the government of South Korea will be happy to chip in and support the local manufacture of mining equipment and as for our operations in Australia I have no doubt Westgold will be happy to continue to profit from any discovery we make. There are of course other mills nearby if need be.
I do agree with you, to a certain extent, on one point you made

till SAU turns a few promises into actuals , this company is "all hat no cattle"................but
That is the risk/reward of investing in this space, unless you know another junior with a decent JORC proven gold resource trading at our Market Cap? Revenue from cannon has been slow, however management have given plausible reasons for the delays(wet weather and geotechnical issues). Cannon otherwise has been running better than expected(10% more gold) We have enough cash to start exploring and I am expecting announcements to that effect in the very near term(1-2 weeks).
I wish you all the best with your investments, whatever you choose to invest in.
Good luck to all of us