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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 Jan 23, 2015 10:58am
99 Views
Post# 23355757

RE:RE:Gold is moving around

RE:RE:Gold is moving aroundNo reason not to release the judicial decision re governance which would in turn allow for permitting process to continue per the government decree.   So one must consider that the judicial decision is being held back on the orders of someone with a great deal of political power.     Again, my theory is that you won't see anything until it gets too expensive in terms of lost revenue.    Those lost billions will bring the parties to the negotiating table thus avoiding a complete loss to one side which would occur with a Supreme Court judgment.    

Gold's done well but copper prices have collapsed.  That is a net neutral for this gold/copper play Need either much much higher gold or some stabilization in coppper.    Until then, just keep buying bullion as the insane central bankers of the world debase all of our worthless fiat currencies.

Robert
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