Southern Arc???

Hi All,

Is anyone else following SA.v? It is currently my largest holding and massively undervalued.

cheers.

I had some for a little while when Bob Moriarty (321gold.com) first wrote it up. Sold for a reasonable profit...might look at getting back in sometime...

I was in for a quick trade too. Now the price went back to the price I orginally bought at....

For those who may be interested in SA.V, here is the link to Bob Moriarty article at 321gold.com

http://www.321gold.com/editorials/moriarty/moriarty051107.html

I particularly like the comment about the value of the one hole (if cubed - that is 442.9 x 442.9 x 442.9 x 2.5 x $34.86).

Here's how the numbers should work. (sanumbers) As I said three weeks ago, Batu Hijau type numbers would drive this stock sky high. And guys, that's just what Southern Arc delivered, 442.9 meters of $34.86 ore (I'm still using $3.50 for Moly - its a typo, it should BE COPPER) and that works out to $7.5 billion dollars when you cube the hole and figure $34.86 ore and a specific gravity of 2.5. There is 1.2 million ounces of gold based on cubing the one hole.

http://www.ccnmatthews.com/docs/sa0530map.jpg

SA.V have more positive drill results reorted recently too...

http://www.ccnmatthews.com/docs/SouthernArc_Fig1.jpg

The officers (except for the ex CFO) was buying shares in August this year.


Cheers.........

I just bought a very small number of shares to watch for awhile. I noted that it is down ~45% from it's peak. Any positive news would send it jumping again. I may add on any further weakness. Definitely a trading position versus buy-and-hold like my larger positions

SA does provide good trading ops because it tends to spike up and then settle back down. In the longer term though this will be 100+ bagger. The have millions of ounces of gold, loads of copper and tons of moy that they haven't even talked about yet. This has a chance to be another Grasberg, a MASSIVE elephant au/cu porphry worth many billions.

cheers.