Sorry for the bump, but there should be money to be made on SAU.
Currently priced at 8.2c per share, or a $17m market cap.
Still actively drilling on 100% prospects in South Korea, with assays from second program at Aphae in next few weeks. A drone magnetic survey was recently flown with assistance from local government office.
Should have a result soon on sale of JV projects that were independently valued at approx A$13m. Likely to be a mix of cash, script and royalty. Had $10.1m cash as at 31 December 2020. Factor in the JV sale and the company has a negative EV.
Would appreciate some comments if anyone takes the time to review SAU, as I think I'm close to having confirmation basis. What am I missing? I have thick skin.
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