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Please tick this post if you think Alpala will not be taken to production!
Good find, Pad. Thanks.
Quady, how can they put values on them? No one would know until a deal is finally completed.
Please tick this post if you think Solgold will take Alpala to production.
ps.....Im not doing this just to get tick ups next to my name. I'm genuinely trying to get a feel for the general consensus of people. Just a tick will suffice, no explanation for your tick if you don't want to.
Padmaster, thanks for the link....certainly makes of a good reading....once the world will show further signs of recovery from the covid-19 pandemic,and business will get to some level of normality the interest in SOLG hot properties will make it very welcome move for us holders after a very turbulent period...ATB.
Hi Padmaster, nice find, but all this article does is look at big copper, gold discoveries, that have not been taken over yet, and suggest they might be taken over. They don't put values on them, they don't mention which parties are interested, and they don't say how this would be achieved.
Hi Pad read that earlier.... he sure is aiming high .... something has to give soon
As for mergers and acquisitions, there were slim pickings in 2019 and this year isn’t expected to log many transactions, either. Last year saw 20 deals valued at US$3.89 billion compared to 28 in 2018 worth $11.56 billion. Among the headline-makers were Zijin Mining’s $1.5B takeover of Nevsun Resources and its Timok mine in Serbia; China Molybdenum’s acquisition of the remaining 24% stake at the Tenke Fungurume copper mine in the DRC; and Jianxi Copper increasing its interest in First Quantum Minerals to 10.8%.
Most interesting from Max Resource’s point of view, in December 2019 BHP, the world’s largest mining company, became the largest shareholder (14.7%) of Sol Gold’s Cascabel project in the Ecuadorian portion of the Andean Copper Belt. The deal followed Newcrest Mining’s purchase of a 1.5% interest in Sol Gold a year earlier, putting its ownership interest at 14.6%. Recently the company secured a $150 million financing from streaming company Franco-Nevada.
RFC Ambrian states, It appears that there is a lot of interest in SolGold and a competitive bid could occur if the Cascabel project achieves expectations. We believe there is a High possibility of a third party (including the minority shareholders) looking to acquire the project outright or taking a significant interest in the medium term.
According to RFC Ambrian, there are currently 64 exploration projects with resources greater than 2.5 million tonnes of contained copper. Of those, only 19 have the potential for third-party involvement (ie., a major taking a full or partial ownership stake, or providing financing). And within that group, just five projects have a ‘High’ possibility of third-party involvement: Cascabel (Sol Gold), Los Helados, Viscachitas, Casino, and Santo Tomás.
NM “It is fairly conceivable that as SolGold grows, we could have 10 exploration and appraisal projects going on at once.”
“Five projects working under the SolGold banner over the next 20 years, delivering in excess of USD80 billion a year in extra income for Ecuador, which will completely change everything for Ecuadorians.”
Saturday, May 16, 2020
This Friday, May 15, the Emergency Operations Committee (COE) issued the favorable opinion to maintain and resume mining activities in the country, with the approval of the Biosecurity Prevention Protocol for the Mining Sector against the COVID Pandemic - 19.
With this decision, in the coming days the process of reactivation of mining operations will begin in all its phases, which until May 15 reported a 60% stoppage nationwide.
In this way, it is expected to reestablish around 33 thousand direct employment places and 100 thousand indirect employment places, as well as immediately resume mineral exports, as indicated by the Vice Minister of Mines, Fernando L. Benalcázar, by 2020 “Between USD 642 million and USD 1,109 million are projected in exports and benefits for the State between USD 496 million and USD 892 million for the State”.
The protocol that was presented by this State Portfolio to the National COE on May 8, contains general provisions and minimum requirements that mining owners, contractors and suppliers must adopt to care for the health of their workers, communities affected by mines. and mining projects and towns near the mineral and input transport routes.
The document was socialized with 250 local authorities: governors, prefects, mayors and presidents of parish councils, a national level, and had the collaboration and experience of the Chilean Ministry of Mining and the contributions of Ecuadorian professionals experienced in health and safety in the mining industry ..
Tier 1 plus another on the way with other tenaments /explorations ,we are at the stage of mine construction on the first one ,all going very well with ecudorian government, more permits coming ,continued expansion of resources ,plus soloman island j/v to come ,21 million ounces is only the start imho
Thanks for the link DBW appreciate it.....
Will listen tonite.....
I agree but the 21moz of gold shouldn’t be ignored. GGP fans/investors are excited about their probable 10moz prospect, we have a proved 21moz prospect. Surely that can’t be ignored?
Think you'll find its the other way around....which you should know if ur an investor here.
Copper is the main deal here with gold the nice to have and a bonus.....
My view, just that , is that there could well be a major depression, and with it political tensions between China and the USA. Under such conditions Gold would hold its true value whilst fiat currencies inflate away and thus gold increases in value. Industrial metals will be in a supply glut and copper for one will fall drastically compared to gold and silver. The fact we have huge copper deposits is beneficial as they have to be mined as a by product in getting at the gold. The price of copper is largely irrelevant and subsidises the cost of the gold extraction. The main losers in this scenario are the pure play copper, nickel etc. Miners who will see their profits decimated.
Your focus is on gold, but copper will also be a big player when future transport and technology plays out.
Corona does not like copper and cannot stay on its surface for very long in comparison to other metals.
CGP can't sell its share of ENSA without offering it to solg, however it can sell its entire company. This is probably the plan for them. If solg want it they will have to move sharply otherwise newcrest or BHP get it and the 8% of solg shares. BHP with 22% nearly 25% with warrants would be a powerful position.
Yes I know BHP have a standstill agreement but there are plenty of friendly companies that BHP can rely on.
Copper down the plug hole...??
Expect to hear nothing re: CGP. NM wont be doing a deal with them and will be taking them to a wire and wait to buy them out for v little. I expect only way for CGP to raise money will be through raising equity and selling down their SOLG shares. The quicker the better. Personally I dont think CGP is an issue. He puts an low ball offer and they accept great. They say no then who cares. NM will continue to work SOLG towards production and value rises or there is a T/O. Either way bags of upside. Could you get quicker value upside elsewhere.. sure. But this does deserves a decent size allocation in your portfolio while you play Covid play upside in other beaten up stocks. GLA
U do realise that Alpala is mostly copper right????
Gold is raising, could reach $3000 once the Magic Monet Trees have done their work, probably makes more sense to wait for BHP or Newcrest to blink, than to sell small amounts for readies. Any miner of non precious metals must have this possible Whale in their sights, with the prospects for coal, copper, nickel, iron ore and other industrial commodities going or about to go down the plug hole. Absolute certainty this is being bought out probably by the afore mentioned, but could be any of the majors. Price is pretty difficult to estimate but at the moment I think most Holders would be reluctant to sell for less than 45 - 50p. As more information becomes available and Ecuador becomes more desperate for dollars, the price will surely rise. Nice share to be in with the world going to hell in a handcart.
Just a quicky.
SOLG LSE has risen from 10p to 31p
SOLG TSX has risen from 20c to 60c
So not really getting the excitement guys.....they're pretty much even Stevens
There is no doubt about the potential here but there’s still a long way to go .
In the near term I really think we need to clear the whole CGP off the table .
I hope they address the question of how we are going to fund near term drilling having dropped massive hints as to the potential of Porvenir , Blanca and Rio Amerillo in recent times .... this piece springs to mind
"Early work is revealing what we believe could be a sleeping giant with a big cluster of large and fertile porphyry systems similar to those discovered at the company's Cascabel project,” said Benn Whistler, SolGold’s technical manager, of Rio Amarillo.
The main target areas have characteristics typical of other similar systems and clusters of systems along the Andean Copper Belt that have generated some very “large globally significant porphyry deposits”, he added.
“With surface mineralisation covering a vertical extent of up to 1500m, we can envisage that exploratory drilling will test an enormous vertical column of 3-3.5km," he added.
I fully expect Tuesdays webinar to be very interesting and think we will get news beforehand to boot
Good morning Copperpot and DBW, and all. Just watched the video, timings parts only. In tune with my own thoughts. Some people have commented on this being expensive, because of future earnings that the 1% or 1.5 %, would get. It doesn't matter, for between 100 and 150 million it's a steal. I personally would be happy to give 25% of Alpala away, to raise the money and get it built. This next bit is unclear in my mind. If completion of the PFS raises the calculation used for the market cap and subsequent share price. Does the Current NPV look even more attractive and we can raise even more for every percentage point of Alpala. I think not. However if along the road over the next five years, we need more money, to prove up other targets, another streaming deal involving another 1 or 2 percent of Alpala, must be the way to go, and add to the overall NPV of Solgold in its entirety. I personally for the first time, am not worried about the aspect of dilution to bring Alpala to production. Absolutely nothing any major can do. Noone is going to give a highball offer for Alpala or Solgold. But we maybe at the beginning of a massive international producer. Think about the people who were in at the beginning of any major company in any sector. I guarantee that most sold out, but some held for the long term. Think what any holder or 1 million plus shares will be worth, not in five years, but in ten or twenty years ( plenty of them on this chatroom ). We just can't imagine. All the best.