Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Rich
I doubt that this will go back to the twenties, but if it does I see it as a buying opportunity in a company with a tier 1 asset which will eventually be developed by Solgold or a another large miner.
With current electrification, the shortage of copper reserves will become greater and majors will need to look to secure their future . Ecuador is one of the last frontiers in this world for finding it with the added bonus of gold and silver.
Either I am seeing things, or L2 has 38.9 bid and 34.6 ask :)
hi Colonel, I agree with you about markets and the potential asset value of SOLG.
My observation would be that markets largely operate in the here and now short/shorter term. They don't get overly excited by gazing into their crystal balls and wondering where things will go in the medium to longer term - and on that basis they aren't interested in tying their money up for 1,2,3 or more years until .....in SOLG's case, production realises the assets' full value.
I suspect that a decent chunk of the recent bullrun in the SOLG SP has been fuelled by sentiment and speculation of BHP or someone else buying us out, after BHP's standstill clause ended. I think that speculation remains even though some profit taking has caused a retrace from the highs.
The drill results are very good and there's plenty more coming, but imho it's the excitement of a buyout in the short term that woke the market up from its slumber. If that excitement starts to wain, then no matter how good the drill results are, the SP could sink back into the 20s and the slumber continue - as perverse as that would be.
Just my musings and opinions and we shall obviously see what develops. All counter-arguments welcomed :D
I want to hear that the imminent lump sum payment from my pension is in my account while the share price is still 36p :)
Newtoit,would love to see £5/£7 per share one day,what's next bit of news does everybody want ??
Possible total in the ground on all sites in excess of half trillion dollars. OK, it's going to cost to extract ect, but certainly worth 10 to 15 billion to any major, or government backed company, or 5 to 7 pound a share to SOLG.
DYOR
GLA
CD. Im serious .
Thank you mwv1.
The gold figure comes from the last few RNSs, in the detail at the back they quote the method of calculating the %Cu eq. It is based on Cu price of $3.3/lb and $1700 /oz gold. I am assuming this is being quoted as it will be the PFS basis. - As has been said this is a chat board and everything on here is at best an opinion.
Good afternoon mwv1.
Thank you for your calculation.
I have slightly different figures and have posted them before, but roughly in line, as my final figure came out, somewhere between 7-8 billion for the PFS.
I like your calculation better as it's higher.
May I ask why your using 1700 dollars for the gold price. ( I think it's reasonable, but a little high for the PFS calculation )
All the best.
MWV1,
You just beat me to the summing up as to where we are at the moment, oh all right here it goes.
I think we are worth a few more quid at the moment, going forward looking at the future of metals, he’ll of a lot more
That has taken me all morning MWV1, thanks for taking the cream off my summing up,lol
Nice one MW1, you are not an accountant who landed in a balloon, in the middle of a field whilst cover d in frost are you?
Wish you and your calculator well
My summing up is my own opinion only
Bhp to pay £2 and lets finish this waiting game.
Just wanted to summarise the changes SOLG have already hinted at between the PEA and the PFS and the impact that will have on the NPV.
Copper price - PEA $3.3/lb - PFS $3.3/lb - no impact
Gold price - PEA $1300/oz - PFS $1700/oz - Increases NPV by $0.9b
Gold recovery - increased by approx 10% PFS vs PEA - Increases NPV by $0.5b
Discount rate - PEA 8% vs PFS 5% (more developed, funded and now a lower interest rate world) - Increases NPV by $3b
Capex - PEA $2.7b vs PFS $3b (keep on talking about funding $3b) - reduces NPV by $0.3b
Plant throughput PEA 50mt/a fast vs PFS 60mt/a increased resource size MRE3 - increase NPV by $0.2b
Overall NPV increases from $4.4b to $8.7b - effectively doubled a huge change in the headline figure.
I know as many of you will point out the increase in NPV is largely due to changes in assumptions regarding discount rate and Gold price taking these out the NPV goes from $4.4b to $4.8b. Not such an eye-catching improvement but still woth having.