Looks like SK is starting to record a bit of a spike in new covid cases. Hopefully the authorities can get it back under control, and SAU can continue to plod about with exploration efforts.
Assays from the fourth hole at aphae should be in soon, and whilst its still only first pass, the news flow would be appreciated. Could be back testing aphae late October? Petrology being tested and ground mag surveys being planned.
Weolyu South at depth hopefully to be the next drill, with some minor activity at dokcheon a possibility in the interim.
Mid September could see Bluebird drop an offer to buy out the two jv projects. Their market cap has blown out to about A$27m, with their 50% of the old mines being the only thing of value they have. Im not saying they will offer SAU that price, but if they lowball to hard, they run the risk of cratering their own shareprice. If their offer is low, the third umpire will be brought in to determine fair value. Lets hope the relationship between the co's is not strained, and both will get a good outcome so that they can both continue on their merry ways. Its seems evident they cant continue together.
Im waiting for the Doug Kirwin effect. A very wise geo who is our best hope
SAU Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
