St Augustine Gold and Copper Ltd T.SAU

newbie

[stockpunter]

New to the board.  I am looking to take a modest position in a large copper development project (NOT PEBBLE!!!). I am asking longtimers here what they think the main obstacles are to developing King king.
I have a very high risk tolerance and often wait many years if the underlying ore has high value and the owner has a low market cap. I made good money with Phillex gold when the patrent company took it over, so I am comfortable with out-of-the-way places, so long as the market price is low enough.  I avoid companies mired in legal ownership issues.  I would very much appreciate a sober pro- and con- analysis from someone here.  Also, suggestions for similar copper projects with similar risk-reward profiles.  Thanks.

[db2067]

Hi Stockpunter,  Take a read through the posts for the last few months, everything is in place permit wise - just need the ban on open pit mining to be liftted - not sure why that is so hard, politics and secret commissions I guess, if you can figure that out then you are golden... The Philippines  needs money and jobs and they have over a trillion dollars in minerals in the ground

[stockpunter]

db2067; Any insight into what caused the vol and sp spikes last summer and early this year?   thanks

[db2067]

Dozens and dozens of articles in the Philippine press about mining needing to reopen - go through the posts here - lots of links