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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 approximately 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-king, Municipality of Pantukan, Davao de Oro, on Mindanao Island, Philippines. Its deposit is a porphyry copper-gold deposit hosted primarily by porphyritic hornblende diorites, submarine volcanic rocks, and volcanoclastic sediments. The sulfide copper mineralization in the King-king deposit consists of chalcopyrite and bornite, with lesser amounts of chalcocite, digenite, and covellite.


TSX:SAU - Post by User

Post by SENSAI1on Dec 07, 2007 2:10pm
191 Views
Post# 13986457

I'm not too worried GDAWG.

I'm not too worried GDAWG.

This is Friday afternoon during the Christmas season (office parties, Christmas shopping, etc) plus nobody really knows about SAU yet.

 

Where are you going to find an under 10 cent stock who's property has 1.4 billion worth of copper/cobalt located right beside Phelps Dodge copper/cobalt mine. 

Plus this 1.4 billion figure is using old numbers of $1.75/lb for copper and $13/lb for cobalt and both are more than double that at current prices. 

This is huge, plus they already have $4,000,000 in the bank.

These guys have a good plan of shipping their concentrate to Zambia so transportation costs are going to be low.

Everyone should have a little or a lot of SAU in their portfolio, it's dirt cheap right now with only one way to go and that's up.

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