St Augustine Gold and Copper Ltd T.SAU

Convert M/I to Proven/Probable per SEC Regulations

[RealityCheck123]

By a third party qualified engineering company producing a Preliminary/Final/Bankable (whatever) Feasibility Study.   Stock would be $2.00 or more and might attract a real mining company.  What's the problem?  This "resource" has been known for decades.

[kingkingmaster]

https://www.sagcmining.com/ Have you tried their website? Technical Report and PFS are there. Fact sheet too for a quick summary. Reserves are proven. What's keeping the price down is the current ban on open pit mining in the country. Which we see that being lifted soon if you bother to read any of the articles posted here. If not, we'd be trading at 2-5c. It is risky yes. But it is

[RealityCheck123]

Yes I did thank you.   It does not provide who the qualified engineering firm was, the date of study completion, the term "pre-feasibility" which I assume is "preliminary", no all-in cost, total capital requirements, length of construction, "feasibilty-level project slated to commence construction 2016"-what is that and did it happen?, and other oddly missing

[RealityCheck123]

This is not the what is being discussed: https://www.sagcmining.com/wp-content/uploads/2014/01/May-14-2012-St-Augustine-Completes-and-Submits-the-DMPF.pdf

[kingkingmaster]

https://www.sagcmining.com/wp-content/uploads/2013/12/NI-43-101_King-king_Rev.0-10-28-13_final.pdf the latest MD&A gives good information too. at least it says alot about the timeline of the project.

[RealityCheck123]

https://www.sagcmining.com/wp-content/uploads/2013/12/NI-43-101_King-king_Rev.0-10-28-13_final.pdf page 136. "The mineral reserve amounts to 617.9 million tons at 0.300% total copper and 0.395 g/t gold. For this reserve estimate, measured mineral resource was converted to proven mineral reserve and indicated mineral resource was converted to probable mineral reserve." page 234:  

[kingkingmaster]

https://www.sagcmining.com/wp-content/uploads/2016/08/Investor-Presentation-March2016-Final.pdf Your questions are valid. In the pdf above it says that there was a smaller scale mine project study that was completed Q4 2015. Back in 2016, they were already prepared to secure financing, and then head towards production in 2017 so I am assuming that all the studies were completed and were

[RealityCheck123]

Thank you double-checking me. Additionally, a NI 43-101 Preliminary Economic Assessment (PEA) does not establish compliant mineral (proven/probable) ore reserves. There are only two potential up coming events (aside from political and regulatory happenings) that should be exciting specifically regarding the project: 1.  Completion of a compliant Preliminary/Final Feasibility Study