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Tag: Southern Gold Ltd.

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Southern Gold Ltd. (ASX:SAU) – Selling JV Interest in Gubong and Kochang Projects for US$9.9M

Southern Gold announced a sale price of USD$9.945M has been agreed upon for its 50% interest in the Gubong and Kochang projects in South Korea. The purchaser, Bluebird Merchant Ventures PLC (LON:BMV, Not Covered), holds the remaining 50% of the joint venture. Southern Gold is one of a few quality Asian precious metals explorers and in our view is essentially a “free” call option on a high-grade discovery.

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