Can we expect a boost in Southern Gold's S.P. re the above?
Southern Gold has leases (51% JV with Dominion) surrounding the million oz. gold deposit at Challenger in South Australia.
Golf Bore 40km NE of Dominion's Challenger resource has a JORC inferred resource of 100,000 + ounces @ 1gm/t - 10% of Dominion's resource. Dominion last traded at approx $2.70 per share & could potentially be swallowed up by Kingsgate at a significant premium.
Hopefully this will give SAU'S S.P. a decent boost on the Golf Bore resource alone - with further upside from Cannon / Bulong and the Cambodian resource announcements.
NB - Observations, not advice.
kingsgate buyout of dominion - good for sau?
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