Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 db2067on Dec 27, 2020 1:00pm
327 Views
Post# 32185371

RE:RE:Status

RE:RE:StatusHi Bdlight,

The Towards Sustainable Mining (TSM) initiative of the Mining Association of Canada (MAC) has been adopted by the Philippines - check and done.

The House Bill No. 6135 or the Fiscal Mining Regime Bill is being fast-tracked along with other bills aimed at increasing revenues for the government and citizens of the Philippines.

The three open-pit, permit ready, mining projects that are on hold are the Tampakan Copper Project of Sagittarius Mines, Inc., the King-King Copper-Gold Project of Nationwide Development Corp. and St. Augustine Gold & Copper Ltd., and the Silangan Copper and Gold Project of Philex Mining Corp. 99.9% these will open first ASAP.

Once SAU is halted with the news, it should reopen at $1.00+ then slowly move up to $1.50 over the next weeks. Once the mine is production ready I would say $3.00 and then after a year of operations $4.00++

The price of copper is going to soar over the next decade and depending how gold plays out we could be $5.00 to $6.00 in 3-5 years

P.S. The Leyte Industrial Zone is going to need a lot of copper... I am thinking King-King will be a big supplier
https://business.inquirer.net/314517/phs-first-ecological-indl-zone-to-rise-in-leyte

GLTA
<< Previous
Bullboard Posts
Next >>