Stock Alert: St. Augustine Gold & Copper Ltd

A very interesting development has been spotted in a gold-copper mine I talked about before here. I noted that the Philippines' gold and copper resources were ranked in the top 5 in the world. At the time of that article, St. Augustine Gold & Copper Ltd. (SAU) was at CAD 0.3/share. Just recently, the share price of the company jumped up to CAD 0.4/share on news that Australia based CGA Mining Ltd. (CGA) is going to be bought out by B2Gold Corp. for $1.1 billion. Read more about this news here.