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Very intrigued as to what business matters warrent calling an "Extraordinary General Meeting"?
Ayten Saridas arrives on the 27th June!
A SEDAR notice of this SOLG EGM has just been posted through the SOLG bulletin board on ceo.ca:
https://ceo.ca/content/sedar/SOLG-20220527-Notice-of-the-meeting-and-record-date-amended-English-8429.pdf
Perhaps I missed a previous announcement of this EGM (at which voters of record of May 19th will be eligible to vote) and if I did, I apologise for reposting old information. But if not, I cannot help but wonder what the extraordinary business might be ..............
Almost done yep been saying it for some time now ,June going to be good for solgold shareholders I think imho
Almostdone, wish the winds of change for this perfect storm will begin to blow! LOL!
Like others, I hope there will be follow-up news on Porvenir next week?
Further hints on strategies in the background might start to leak? Any news is good news, imho!
https://www.mining.com/web/commodities-in-perfect-storm-says-erg-as-crisis-starts-super-cycle/
Posted on the glencore bb
Porvenir update next week I think
My price was 100p, now’s it’s 125p. Wait and see after Moran drill goes deep! RIO, not so sure about. Can’t wait for a Porvenir update.
Hefty rounding- it didn't cost buyers £1m
This might have been answered.
I million divided by the quantity makes the sp around 23p.
Evening all, 100p is and always has been my golden number!!!
GLA
DK
Huge 4.2m
whoooooooop.
32.35
Afternoon Lunch. The last time we had 105p TP was in December. All the notes this year have 101p. 27th January note spells it out. Reduction is cos they moved production date to 2029.
Pad ….. nice thanks as always
Always been on the books Buddy.
You owe me a pint when it happens :-)
There's big news coming, I can smell it, my instincts are good. Not based on anything other than the news and current published information, I hasten to add. Have a good weekend all.
Monsters of Rock: The junior explorer being stalked by BHP and Newcrest is adding to its Ecuadorian copper-gold bounty
https://stockhead.com.au/resources/monsters-of-rock-the-junior-explorer-being-stalked-by-bhp-and-newcrest-is-adding-to-its-ecuadorian-copper-gold-bounty/?amp
Bubble, you're not wrong. This stock is chronically undervalued and not just by a small amount. It's as if the market simply don't "get" what we're sitting on.
Undervalued ............strong buy
Who knows Lunchmoney - they work in mysterious ways......................
Z
Lunch Money yes I agree there based on recent results am guessing they didn't know so would maybe have to revise their figures
Valuation: GBp101/sh target price implies 225% upside
While we await the filing of the NI 43-101 technical report for the Alpala PFS,
due in ~10 days, we maintain our current valuation based on a 30Mtpa block
cave operation with an 8% WACC, US$8,500/t copper price and US$1,850/oz
gold price. This generates a ~US$4.23bn NPV on H&Pe and provides a
~US$2.85bn contribution to our SOTP (based on 85% ownership and 0.8x target
P/NPV). We add US$150m for SolGold’s vast regional portfolio and adjust for
net cash and outstanding options and warrants, to derive a GBp101/sh target,
implying 225% upside. On a like-for-like basis using the PFS assumptions of
US$7,934/t Cu and US$1,700/oz Au, our model implies a ~US$3.5bn NPV,
exceeding the ~US$2.9bn PFS NPV, with a similar IRR (21% H&Pe vs 19.3%
PFS). This gap is largely explained by the lower throughput and slightly higher
capital intensity, partially offset by better grades, as outlined in the PFS press
release on 20th April.
end
Z
TAM system remains open; Moran target adjacent to Alpala also mineralised
The full size and tenor of the TAM system has not yet been tested, with
mineralisation open to the south and east and at depth. Mineral Resources
potentially mineable by underground bulk mining methods comprise 172Mt @
0.35% CuEq and SolGold flag a higher-grade core contained within. Meanwhile,
upon completion of phased drilling at TAM the rigs have turned to Moran,
~1.5km from Alpala camp (see pg. 2), where exploration drilling of hole MOD22-001 is at a current depth of 414.7m. The hole continues intersect bornite and
visible chalcopyrite copper sulphide mineralisation from 19.1m to its current
depth. Whilst early stage, results would further demonstrate the size and scale of
the Cascabel property.
PFS NI43-101 expected shortly; optimisations later this year and DFS H2 CY23
Additional optimisations are being progressed for a PFS Addendum planned for
completion in H2 CY22 and the Cascabel project DFS is expected in H2 CY23.
These could include incorporation of TAM amongst other initiatives. Alpala
currently boasts an M&I Resource of 2,663Mt @ 0.53% CuEq with 9.9Mt Cu,
21.7Moz Au and 92.2Moz Ag of contained metal and combined with TAM makes
Cascabel currently the largest (and one of the most advanced) independently
owned undeveloped copper asset globally by our estimates. With an impending
copper supply deficit expected in the latter half of this decade, we believe
SolGold remains well poised as the project continues to develop.
cont'd