Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Paul, thanks for posting. This interview probably gave us more detail than we've ever had with regards to what's actually happening on the ground and with governmental discussions/negotiations, so it was helpful.
But, as ever, the real interest lies in what was not said. SC has made some significant steps and has a clear idea of how the resource should be developed and mined, and that's certainly better than anything we've had previously. However, and to employ the over-used phrase, there's a massive elephant in the room - how are we going to achieve this?
As it stands we are still in the situation of having to interpret two completely contradictory statements; 'we are not mine builders' versus 'how we intend to develop Cascabel'.
SC is treading a very careful line and is more comfortable talking about the day-to-day stuff than anything strategic - for obvious reasons. But one will simply not progress without the other and time is of the essence. It's time to put some meat on the bones of the SR.
$20m loss for bhp is 5hrs profit, at 2022 levels.
I wonder how bhp, norge and newmomt/ncm would feel about 30p?
"China’s metals and mining investments overseas are on track to hit a record this year, new data shows, as the country races to secure resources to defend its position as the world’s biggest producer of electric vehicles, batteries, solar panels and wind turbines.
In the first half of this year, Chinese investments and new contracts in the mining and metals sector topped $10bn, according to a report from the Green Finance & Development Center at Fudan University in Shanghai reviewed by the Financial Times. That figure is more than the 2022 full-year total, and puts this year’s investments on track to exceed the previous record of $17bn in 2018.
China’s investment in the sector includes nickel, lithium and copper projects as well as uranium, steel and iron, highlighting intensifying efforts by Chinese companies across the clean technology supply chain to lock up access to resources amid forecasts of booming long-term demand as the world fights climate change.
The investments, which have spanned countries in Africa, Asia and South America, also reflect President Xi Jinping’s ambitions of economic self-reliance as he seeks to fortify China against the impact of rising geopolitical tensions with the US."
Right now any bid above 30p would be most welcome by me.
'We're mine finders not mine builders'.
Scott has only said that about 300 times now Quady. This is getting sold, end of. C
Quady, it's time for the talking to stop and some action to be taken.
We are playing into the hands of our major shareholders each month that slips away.
We now need to move on and bring home the goods( funding).
Yes we are good for upto 2 years with cash burn target of $3m a month but the longer we wait the more vulnerable we become.
I'm aware that a sale is probably the wish of the cgp clan(+ others) but they cannot force the issue and have to move forward from a relevantly comfortable position.
I hope something is brought forward by the end of 2023 to give a clear indication of solg strategy and how to fund this (Cascabel) beast.
Gla
The strategic review is key to derisking Cascabel to advance it in the best possible way.
Hence the 3km decline and looking for a partner.
A reduced PFS that means a fraction of the capital required, so that we can mine the ore to raise more capital to continue construction.
I feel that was the unambiguous message.
Strategic Review
The Board is focused on maximising value for all shareholders. A Strategy Sub-Committee led by Non-Executive Director, Dan Vujcic, will continue to advance the previously announced Strategic Review as a top priority.
As previously disclosed, the Strategic Review includes, among other things, evaluating and pursuing value enhancing opportunities for the Company such as:
· evaluating financing alternatives for the Company that endorse project value;
· a spin-out of assets, other than the Cascabel project, to all shareholders;
· the direct or indirect sale of an interest in the Cascabel project at prices that endorse project value howsoever effected; or
Thank you PAULUS57.
Excellent find.
Absolutely no doubt we are going to construct Alpala.
I talked about the staged finance since 2016.
But the usual tosh being talked about by the likes of Redknight and DBW and insults that accompany these two and others have made it difficult to talk about the development of Solgold.
Great to hear that construction starting next year, and also partners being sort for our other tenements, and that this is being talked about at the moment.
Staged construction means that we raise some money and then finance the rest from ore mined.
Always was the way to go.
Looking forward to next year.
Https://open.spotify.com/episode/60uNeDeIvEZOac05Ui99TH?si=MYsN3-bMRuiOMEmJfV_kEg
You don't sign mine life agreement of 25 years+ and ink exploitation terms unless you are 100% confident it is going ahead.
What on earth could SOLG have told the Ecuador gov to get those two key red tappers signed??
All will be revealed soon ... question is.... before or during or after the elections?? Answers on a post card.
A new ones popped up.
The new web site is going to coincide with big nees
Thanks SA ….. actually massively positive
“Suspension of eventual full production in the ITT block would avoid the emission of 400 tonnes of carbon dioxide, says Yasunidos, though the group did not provide a time frame for the figure.
Petroecuador says there are no flares at the block, that it occupies 0.01% of the reserve's 1 million hectares (2.5 million acres) and that roads are environmentally-friendly.
Meanwhile, opposition to mining is blocking some $1 billion in potential investment for the next two years, says Ecuador's Chamber of Mining, though a major project by Australia's SolGold (SOLG.L) is moving ahead.
Mining was Ecuador's fourth-largest source of income last year, behind sales of oil, bananas and shrimp, bringing in $2.8 billion”
Nice mention for Solgold in just released article if someone could copy to the board .
The author of the Mining Journal article indicates an updated PFS before year end in this tweet
Anyone read the full article ?
https://twitter.com/paulharrisgold/status/1686030763769102336?s=21
1.069m at 15.8
Was closing well over 16p til last seconds
Big UT incoming
Shame slug not here he could talk us through it
But hey at least we get to talk about taking this to production instead
If they were to announce that they are splitting the business into 2 parts... 1. Exploration and 2. Planned ENSA IPO on Canadian market/dual listed possibly.. then that might justify a complete revamp of the website. May involve a pre sub or invitation to sell your shares in the IPO pre listing to Chinese entity of which likes of Maxit, Irwin and others have agreed pre IPO or during the IPO pricing stage etc etc etc.
Could take several months to sort and complete the IPO.
Something is brewing as like I said.... Ecuador Gov would not be signing over/ cutting the red tape stuff unless they had solid assurances from SOLG otherwise they'd end up looking rather stupid which wouldn't bodes well pre elections. Announcing a billion dollar investment deal prior to elections might well allow Lasso's party or aligned candidates to give Correa's crew a run for their money.
Just chatting with another investor and speculating whether the new website could either be tied in with some big news or even a revamp ….. maybe a change of name / image ?
Surely not just a rehash of the same old stuff
i stopped listening to the sage advice on this board about 2 years ago , i just pop in now and then to see who is ****ging off who when the sp drops
Just you wait till we leave aim
Just you wait till irwin comes on board
Just you wait till we join the tsx
Just you wait for the result of 3 elections
Just you wait till the indigenous Court case is settled
Just you wait for numerous rns and feasibility studies and God knows what else reports
Just you wait till those 12 majors see what we've got
Just you wait till we get the exploitation certificate
Just you wait till Caldwell get to grips
Just you wait till the Chinese make a move.
Have I missed anything.
Oh yea, now just you wait till the Arabs take us over.
Can you see a pattern.
J
Btw, Havieron's PFS - stage 1 from October 1st, 2021 had an estimated total capital expenditure of A$529 million (US$397 million). $360m out of that for a mere 2800m of decline would not fit that capex number.
Zoros, can you tell me where you got that number from? $360m seems extremely high for 2800m of decline.
If you back calculate the cost/meter and assume there will be some extra meters because of ventilation access etc. Let's say the total is actually 3600m then the cost would be $100.000/m. This is very high. Even in Australian dollars.
I would assume something more in the 3000 US$/m range + contractor mobilisation costs.
Cumon novice it’s fun watching them all argue. If quady ever left they would be bored to fugg and have no one to wind up.