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Southern Gold (ASX: SAU) revs up gold exploration in South Korea focusing on the Yeongdong Basin (w/ Simon Mitchell)
Manage episode 297425211 series 2701497
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Southern Gold (ASX: SAU) managing director Simon Mitchell joins Small Caps to discuss the company’s gold strategy in South Korea which he says has significant gold-silver potential. With a focus on the Yeongdong Basin, the company’s experienced in-country exploration team’s goal is to discover tier one deposits in a country that has seen little modern gold exploration. Mr Mitchell pointed out Southern Gold’s circa $15 million market cap was far below its assets and cash holdings – noting its cash position sitting at $9 million at the end of the March quarter and recent sales agreement would see it owning around $13 million of LSE-listed Bluebird Merchant Ventures.