The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Sunstone Metals says T3 is significant copper-gold discovery
(NewsDirect)
Sunstone Metals Ltd (ASX:STM) MD Malcolm Norris discusses with Proactive results from the second hole drilled at its T3 target at El Palmar. He says the latest results show clearly that it’s a significant copper-gold porphyry discovery. Norris says the area is wide open and while it’s early days on the El Palmar concession, the potential for the project is huge.
“This latest result shows clearly that T3 is a significant copper-gold porphyry discovery,”Norris said.
“This area is wide open. We will be targeting a mineralised body that is 500-700 metres in diameter with a vertical extent exceeding 500 metres in the area of holes EPDD026 and 28.
“We also have several other targets within T3 that require drill testing.
“Together, these have the potential to deliver a very large gold-copper porphyry mineralised domain in an environment with many similarities to the 3-billion-tonne Alpala deposit nearby, which is located within the SolGold Cascabel concession.”
Don’t know if his has already been posted…
https://www.miningmx.com/top-story/54430-deal-shy-bristow-to-break-form-as-barrick-eyes-copper/
Bozi,
Is there anything that SOLG has done well that you haven't attempted to turn into a puddle of pooooo? Seriously... you about as negative as you can get. Sort yourself out... either you want to believe or your don't or you just rather be negative.
The Ecuador Gov would not have signed the exploitation agreement with serious commitments from SOLG. Anyone who knows their marbles / mining industry would tell you that.
I don't disagree with some of your negativity as some is valid. But it's the fact that you fail to recognise the 'good' events that basically exposes you as a non shareholder imho. I don't think you are invested here at all.
His point about everyone being onside and pulling in the same direction is a revealing. We know what he, SC and Irwin want, so it seems pretty clear what they're aiming for.
Thanks for sharing. Did not realise they were not on a retainer.
Indeed they are, and SC is working on them. Which was my original point.
Add - we know the government is trying to support the project as much as it can. Nothing it has done has indicated otherwise.
My point is that other licences and permits will be needed.
FFS Orthern, we all know exploration is high risk. It doesn't take an expert
High risk, high gain otc
Redramp must be in a state of shock after claiming for years this was a £1-£2 certainty… and admonishing anyone who dared question his valuations…. Now even big bad Bob is admitting it’s a high risk investment..
Maxit are not retained. They only cash in with a successful conclusion
BTW, you're wrong about the exploitation agreement.
Because it signals government support for the project.
Unfortunately this strikes me as the start of a pr campaign to PIs to gain support for the AGM which could now only be 12-14 weeks away. Still a while to go by the sounds of it. Frustrating but I'm still going to hold as the medium term still looks bright. C
He's hoping better than that but we all have our thoughts. His might have a better grounding having far more data
Reading between the lines of that Ship it's screaming 30-35p if he manages to pull it off and save us all.
Bob Sangha, the white knight, pulling up on his horse to save the day for SOLG investors.
He doesn't fool me.
Shoot the messenger
I'm off to commune with the faeries at the bottom of my garden. x
Would you care to explain why Add?
It's just a renewal of the concession. It's not a mining or exploitation licence. We've simply rolled over the PL area we currently have.
There are much bigger pieces to this jigsaw than that.
Should probably read
‘We are fortunate to have the Cornerstone shares available in treasury, should we need to raise money when coffers get low, we can sell them to our inside friends at a great reduced rate… we can line our pockets around 10 pence, before washing our hands of the whole sorry lot for at least a 50% profit from there’.
I would add that a number of institutional investors own about 24% of SOLG and assume they want to see a good return on their stake? The last year or two has been investment purgatory for me, I need to see some sunlight!
Like most investors he has found the last 6 years very frustrating and largely a waste of time.
This has been caused by incompetence and infighting.
Since Cuzzubbo left (?) and we now have an adult in charge, things are a lot more on target.
Potential partners or buyers are once again starting to show interest after a long period of bad management.
We are fortunate to have the Cornerstone shares available in treasury should we need to raise money when coffers get low.
Despite NM having been a thorn in the side at time the main players are now all pulling in the same direction to make the best of their skin in the game. This includes Warren Irwin.
He is a very confident chap. Confident in his abilities to find suitors supported by his track record.
His valuation of the company being sold depends on factors in play at the time (obviously) but he certainly sees it being well north of the current position.
He certainly rates Scott and lauded his efforts getting permits renewed and the other work he is engaged in which might not set off fireworks but is very important.
He was open in admitting that its a high risk, high gain investment but felt very comfortable with his 153m shares and looked forward to making a good profit whilst admitting there was all the chance of ending up with a big zero.
Opinion
Highly motivated and experienced mining financier with a good track record and a burning desire to make this work alongside a unified team all pulling in the same direction and keen not to be f*****d over by a big miner trying to steal a jewel.
@Shipright, was it on the good side or the bad side?
This will tip our Australian friend over the edge. Should be amusing.
It will take a while to unpick what he said but I will share what I got from the call
Bob Sangha called me today