KB is the man on s/s.
Great break down here of SAU.
Let me refresh you.
SAU is not 'another junior OXR' drilling another 'Olmpic Dam lookalike', because;
- management is credible, not lawyers or accountants or fly by nighters (ie TAS)
- SAU's partners speak highly of SAU, refer to CRE, DOM, MegaUranium announcements. Even CITIC-Aust VP (Roger) is very supportive.
- SAU secured the foundation tenements in the Gawler, Yilgarn .. . before the real interest in grassroots exploration. Foresight. Vision. Not copycat, but rather leader.
- agility to venture into Cambodia, US, whilst drilling Challenger Gold and Torrens. Confidence, no fear of spreading themselves too thin.
- 2 research reports from boutique fund and strategy and investment company prepared on SAU in the last 2months
- recently discovered a Nickel Sulphide deposit at Bulong at grade, strike and shallow. Follow up drilling in the next few weeks, basically recon-drilling to precede a resource definition program. SAU are already talking about developing this resource.
- High-grade Cu discovery at Eurow
- Challenger look alikes being drilled with geochem, geophys and prelim drilling suggesting very good chance of another 1M+ Oz gold deposit! Expecting news on this in coming weeks. In partnership with DOM, common goals.
- exposure to Uranium through CRE and SNU
- Heaps more, but the Cambodia assets alone are very valuable
- This is a company going somewhere.
Have not had a whole lot to do with you JONS, but anyone who knows my research style - I research to death. SAU has strong backers in CITIC and TGH.
SAU is not hoping to hit it lucky in one drilling campaign. Plenty of company making prospects happening in parallel.
Lake Torrens for instance, in the IOCGU corridor on trend with Carapateena, adjacent to Punt-Hill, better Geophys . . . SAU drilling 5+ of these targets and not paying for any of it thanks to CRE farming in.
Refer to todays presentation released;
QUOTE
CambodiaSouthern Gold’s Progress
...
2.Established team of 6 expat and imported geologists
(slide 18)
Refer to slide 19 for the photos! There are 11 of them including the consulting geos!
Before todays move, if you took interest in SNU and cash into account, SAU's enterprise value was under $7M!
Could talk until the cows come home . . .
I hold quite a few, hence my interest.
Good luck, DYOR (please) at least read the last 2 presentations.
Hope that helps.
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