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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 shawshank2on Dec 06, 2020 10:15am
115 Views
Post# 32045813

Exciting times ahead

Exciting times aheadAs always there is risk here but so far all signs or pointing to progress for mining in the phillipines. The government is broke and they know just 4 projects could bring in a ton of taxes. Once fiscal mining regime gets figured out we should start to see an inflow of foreign investment. And hopefully and easing on open pit restrictions. Just over a 50mil market cap and npv over 2 billion npv and thats without bull case for gold. 2$ by next summer easy
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