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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

Comment by Robert1on Dec 05, 2014 1:07pm
96 Views
Post# 23200035

RE:RE:RE:Not even close...

RE:RE:RE:Not even close... Staycalm,  always good to take some profits, good job.     I have heard nothing, will post when i do.

Why have we not seen the ECC yet?   No reason not to.    I suspect we won't see anything until the price of gold /copper go up.     Not enough money being "lost" for anyone to move this along.    If gold was $2000, you can bet these fools would pump out all permits.     In the meantime, i would not be surprised to see more dilutions.    Again, why not?   If i were Villar, I would keep diluting the rest of the shareholders and then when gold does rocket up, he'll own 90% of the co.     

That said, I own SAU as i do believe we could see strength in gold when the Yen finally gets crushed so badly, Abe will have to reverse course.     If that happens when Yellen has to re-apply QE, gold should double quickly and that will finally give the impetus to NADECOR to get those permits.   
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