RE: RE: RE: RE: RE: RE: 1.4M shares today and hold Medusa is a high grade underground mine chasing narrow veins, with perhaps the lowest
cost ( $195/0z) to produce. I owned it when they were on the Toronto but they left last year
as they are making a lot of $ and did not need to raise $. They pay a small dividend.
This was a winner for many folks
There maybe some high grade deposits (similar to Medusa) that are very close to the pit
location at Pangasan and Binutaan - my understanding is that they will drill some
holes here - reults could pop the stock - but jesssssh they already have 22 million oz of
gold !!!
They edge of the pit is only 4 to 5 kms from tidewater and the processing and proposed
heap leach will be almost on the beach adjacent to new port facilities and the new power plant
(probably coal fired with coal coming in on barge)
To an earlier poster there is no rail train involveed as it is not necessy
CGA mining owns 19.1% of SAU
See the March 2012 presentation at the web site
Kindly share the udated list of large sharehoulders.
Good luck with your investments - this one is on sale again