I think Saturn Metals is the best places ASX gold spec stock for the following reasons; - Very low EV/Resource ratio = $14 approx. - Large Resource and growing= 1.47Moz - Cash in the bank= Will have almost $10m in the bank following this raise. - Cornerstone investors= Sprott Assett Management/Dundee Resources/Wythenshawe Pty Ltd - Located in a traditional mining region. - Large Landholding 1,000km3 of land. - Good metallurgy and gold recovery. - Heap Leaching = Low energy use. - Great Strip Ratio = Low 2's - Similar size heap leach operation has opened this year at Binduli North. - Lots of additional targets identified around Apollo Hill. - West Wyalong is an interesting additional project.
Right now is a great opportunity to invest. We are still awaiting deep drilling at Apollo Hill and there is additional drilling scheduled year round. Anyone care to poke holes in this story?
STN Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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