Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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A reminder of the May IC article...
https://www.investorschronicle.co.uk/news/2022/05/09/picking-buyout-candidates-in-the-copper-space/
"The deal many juniors look up to is the 2018 buyout of Arizona Mining by South32 (S32), which paid $1.3bn for a pre-production zinc-lead-manganese asset (and some smaller options) in the US. The company was valued at $1.6bn, and the Hermosa project’s last net present value before the sale was $2bn.
A similar discount for mining hopeful SolGold (SOLG) would see it taken out for £2.35bn, around 3.7 times its current market capitalisation, based on its recent pre-feasibility study for the Cascabel copper mine, which outlined a net present value of $2.9bn. This is a very basic calculation that doesn’t account for the difficulty in building a mine in the Ecuadorian hills compared with the US, to be clear. It’s also worth remembering that a copper mine would attract a higher valuation at the moment, given the metal’s prices and strong demand outlook.
Even Noront, the nickel company from which BHP backed off from eventually, has a mineral resource but is still some way off a final investment decision. The logic around ‘derisking’ projects through detailed studies could actually scare off buyers rather than encourage them as it can lock in plans with governments and other involved parties.
SolGold will be hoping it doesn't get left on the shelf. As Brooke Macdonald, chief executive of the 15 per cent owner of Cascabel, Cornerstone Capital Resources (CA:CGP) told Investors' Chronicle in 2020, "junior companies [have] got into trouble trying to build a project of this size".
Please do Slug, I have kept many of your disgusting posts, making a complaint to the police means you need to identify yourself, and we will take it from there.
Can't remember if this was posted
https://www.miningnews.net/leadership/news/1437608/more-signs-of-unrest-at-solgold
https://www.kitco.com/news/2022-08-12/Gold-Fields-CEO-on-the-company-s-6-7-billion-Yamana-Gold-deal-and-the-problem-with-exploration.html
"Over the past five years, Griffith warned that the return on exploration dollars has been "rapidly diminishing."
"We are not seeing a return for those expiration dollars. What we are seeing is a reduction in the return for those exploration dollars," said Griffith.
"Where we are seeing the discoveries, they're coming in at lower grades and they're coming in at less favorable jurisdictions. The bigger gold companies no longer have the ability to replace their declining reserve and resource base internally. And the competition for those external options is becoming really intense."
Oh dear...thats the ultimate faux pas...I've mispelt misspelt
It was mispelt anyhow and you left out the ephemeral apostrophe...
Sorry Chinese …… genuine mistake and genuine apology
Though drilling hasn’t commenced there yet it’s worth reminding ourselves that it’s not a million miles away from a couple of huge producing mines
Including Mirador owned by the chinx state to all intents and purposes
Signs of the double bottom and bouncing back
Chart .....https://uk.advfn.com/p.php?pid=chartscreenshot&u=g%2B9U%2B7%2FqQ0kOLnbIHCGcA5oIrJgHzFFyKpcCJzMFUw4%3D
Quady
God only knows why I ever unfiltered you
I have never met the slug or Redknight in my life.
Every time someone tries to start a Solgold related debate on this board you sidetrack the issue and turn to snide insults.
You offer nothing on an intellectual level only “this is going to production” or “ it has to be true because (usually spelt incorrectly) the company said so.
I will save the rest of the board any more suffering on my part by putting back in the bin where you belong ….. shame admin cannot see who the real trouble makers are …… remember ignorance is no defence
Hahaha...this is so funny...hes an absolute maniac...at this rate he'll crash LSE let alone this Board...40 green stripes out of 50...
But people...it only takes a moment to copy and paste his name into the filters...
Why oh why is anyone feeding the beast...or any of the other disruptors.
Also, I will admit that for a while I used to constructively respond to Quady, but its a waste of time. You all know exactly what his views are. Together with the slug, massive ray and others you are allowing g them to destroy this Board which I at least have found immensely helpful in the past.
But at this rate I'm back off to ADVFN unless this stops...
So please guys...a few seconds work and an iron will not to respond and we can have a quiet constructive Board.
OK I know there's nothing going on, but that doesn't prevent us posting theories for discussion and research leading to polite constructive debate...
Thanks again
I'm sure this BB can be a good place to learn from even with all the differences in views as long as it doesn't become personal.
No worries Medar
Medar don't say sorry to DBW as he supports this disgusting individual and calls him his friend.
His own words.
your
sorry Dream. sent it before seeing our message. couldnt resist.
Can we get back on track please
The cancer is back.
Z
If you answer them, they stay for the attention, as you do who converse with them
Shame really
Atb
The question is Red … who scuppered it and why ?
Or was it just poorly thought out
I agree Fort that they should have a rights issue to clear the decks and put a bottom in on the SP...
So do you think the failed fundraising wasn't a rights issue...?
"Slug has been targeted by them"
That is delusional, slug has openly been abusive to Craig in admin and disgusting to others.
You have no chance of that happening jezzoo.
Have a productive day.
Well well, it seems the worm is turning and it's turning against the Dynamic Duo.
I for one will vote for their removal, especially the Snitch.
Slug has been targeted by them ( me too) for no reason aside from a difference of opinion, gaslighting is abhorrent.
Without them this board would be a much calmer , more informative place.
I can see they are getting worried judging by the amount of green boxes I'm seeing.
ONWARDS & UPWARDS !
Fortissimo
Agree Blackrock not onside but fairly certain their investment will be of strategic interest to someone and they’ll want top dollar ….. same with Norges
We know what’s coming here but what will trigger the first move ? AGM has given us a timeline at least