Stockchase Opinions

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.
$0.415

Stock price when the opinion was issued

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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.
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Has gone down too much, largely because of the way the commodity markets corrected. They have to get into the development stage.
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(A Top Pick Jan 7/11. Down 86.77%.) Eminently viable. One of the best, largest copper/gold assets globally. If it's financed, consider loading up.
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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.
BUY

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.