Michael Smedley
St. Augustine Gold and Copper
SAU-T
WATCH
Feb 07, 2012
Copper and gold in the Philippines. It has really only started moving again in the last day or 2. Volumes have picked up although they are not enormous. Very credible management. Very long-term development of a very large copper/gold source that has been known for 30-40 years in dispute, which is now out of the way.
In the Philippines. They have inherited 60% of a large gold deposit. It is expected to have open pitted, over 600-oz/yr gold, starting production shortly. Well embedded with a powerful partner in the Philippines. They will also be a 200 Million lb producer of copper.
Changed the name. Have to be patient with this one. It is down because it did the spin-off. It is a buy for the future. Will be one of the top five open pin mines in the world. Don’t expect a quick return on this one. Not too many people know or understand it.
One of the largest gold/copper properties in the world to be developed. Has been hit by the lethargy in the entire sector. It will take time to get through stages of development.
Stock trended downwards for are very long time and looks like a near death situation but then a huge volume in August, doubling and tripling. Put a stop at $0.25 which is near a gap level.
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