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Bullboard - Stock Discussion Forum St Augustine Gold and Copper Ltd T.SAU

Alternate Symbol(s):  RTLGF

St. Augustine Gold and Copper Limited is a Singapore-based mineral exploration company. The Company is focused on the King-King copper-gold project on the island Mindanao in the Philippines. The King-king tenement is comprised of 184 mining claims that are owned by Nationwide Development Corporation (NADECOR). The Project is a copper-gold mineral reserve located at Sitio Gumayan, Barangay King... see more

TSX:SAU - Post Discussion

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Post by shawshank2 on Jul 15, 2021 10:20pm

Dear shorters

It Is clear you are starting to clutter the board but please educate yourself before. There are many risks here everyone knows that...that is why we are trading at .11c with a life of mine revenue of 20bil$$ near current mineral prices. And God knows copper is just getting started. You better be nervous because a little birdy told me eo130 is about to be signed and when it does the sky is the limit!!!!
Comment by RealityCheck123 on Jul 15, 2021 10:29pm
The project has demonstrated no compliant economics provided to date.   The EO is meaningless if no one is interested.  This resource has been known and evaluated for decades.   Produce a third-party feasibility study establishing mineral ore reserves per US or Canadian SEC standards and a mining company who will commit funds, construct, and operate the mine then you will have ...more  
Comment by shawshank2 on Jul 15, 2021 10:43pm
You're scrambling now and further showing you know nothing about this play. Now you are saying resource has been known for decades lol I'm sure you read the PFS lol...oh btw they are working on feasibility study but I'm sure you knew that. Eo130 is a huge deal but you prob don't know why
Comment by RealityCheck123 on Jul 15, 2021 10:51pm
There is no mineral ore reserve status otherwise it would have announced. No? They have been "working on" a feasibility study for years.  EO appears to about environmental protection I gather, but the project first has to be demonstrated as economic followed by real mining company investment.  
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