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Southern Arc Minerals Inc V.SA.H

Alternate Symbol(s):  SARMF

Southern Arc Minerals Inc. is a Canada-based investment vehicle considering potential opportunities in all industries. The Company has not generated revenue from its operations.


TSXV:SA.H - Post by User

Bullboard Posts
Post by tsrimuangon Jun 21, 2006 3:36pm
86 Views
Post# 11017576

Newmont's out

Newmont's outWord from the Department of Forestry in Indonesia has it that Newmont Mines will not renew its forest permit on its Elang property. It expires July 29. That means they are out and are abandoning that property even though it holds maybe a half billion ounces of gold. It also means SA stands to gain tremendously since they own the property next to Elang with the Elang deposit extending onto SA's property. Should be interesting how this plays out. I hope the SA guys see this coming and jump on this excellent opp if they have the guts of steel I think they have.
Bullboard Posts