Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Interesting to see our very own CFO replying to HH on Twitter looks like we are indeed following the same path as Lundin at the behest of the Ecuadorean government too
https://twitter.com/cstackhouse/status/1775945934649618761?s=46&t=XX3-iZapJ1HaXMFlnE7nKQ
'best analog'. Oh well, maybe English isn't his strong point.
A timely reminder too that we haven't produced a feasibility study (DFS) and have no plan to. Yet people think we're going to finance and build a mine. Wild.
Sharket
The point is every license we secure, each box we tick the more the project is worth. We will not be building this but I’m fairly certain we can prove that financing it isn’t an issue.
Hi sharketmare,
My take is that we wont be producing one as we won't be operating the mine.
Separately, its likely the future custodian will has its own interpretation and or advanced study as to how they will intend to extract the ore as they have had a fairly detailed pfs since 2022 and this time would have allowed interested parties much time to develop their opinion.
If you look at BHP's presence in Ecuador via Linkedin, it confirms that they have built a large technical team over the years, even without owning assets... I wonder why :)
Sorry dbw I didn't mean that we wouldn't be able to raise funds in the short term. I just find it very difficult to believe that we would be able to finance building Cascabel off the back of a PFS if we decided to go it alone.
I also understand that it may not be necessary to deliver a dfs due to the level of work completed to date.
Don't quote me however I recall this being discussed via a former interview
SM, absolutely right. Although the company has previously muttered things about a DFS being a quick step from the PFS, I've never really felt there was any conviction behind the statement. In fact, I don't recall seeing anything about this in more recent comms - although I may have missed it.
Of the various value enhancing building blocks which have been mentioned, the DFS isn't one of them and how you can raise $1.5bn without one, is difficult to understand.
Funniest post of the week.
Bbg telling people not to qoute him.
Bloody hilarious.
Bbg, people don't believe you, why oh why would they qoute you
Add to be fair analog is correct in Canada
https://sapling.ai/usage/analog-vs-analogue#:~:text=In%20India%2C%20there%20is%20a,%22%20(84%20to%2016).
DBW, good grief! What's wrong with them?!
SOLG must have one purpose. Firm up the assets and sell each one if possible. Forget the nonsense about themselves taking Cascabel to production. That route is fraught with higher costs, overruns, delays etc etc....
Shame he meant analogy
Add, yes, that's essentially the point I was trying to make. Offtakes/royalties will be fine, but no bank is lending us money against a PFS IMO.
The only single hope we’d have of obtaining finance would be if Diane Abbott was running the numbers
Quit picking on Ms Abbott😆
Besides, I would say that the inexorable fall of the SP back to 5p is in full swing thanks to the other genius at the helm of our flagship company!!
1984, don't be silly, Diane Abbott can't run
Eloro, are you sure you're not Diane Abbott's twin brother?
Haha! Especially when she’s wearing odd shoes…
No Add, no relationship to Ms Abbott. However, I can see why you would get that impression with me having invested in solg! Never mind multi-generational mining, at this rate, it will be my great grandchildren who may benefit here!! Assuming of course Ecuador doesn't take back the concessions due to lack of progress!!
Elope you’ve been wrong about Scott in the past. Added to that who would remain invested in a company if they had zero faith in the CEO
Eloro… sorry typo
DBW I can think of one particular moron who remains invested in solgold despite a firm belief that the price will fall into a dilutive raise
Where’s that bob champion fella? Another rumour needed into the weekend
You'd really love to know how much I've got in/out, wouldn't you sluggy? Is it the schooling I've given you over multiple subjects that allows me to live rent free in your head?
Put it this way - I saw this drop coming, just like I've called almost everything else here. You'll say it's hindsight trading but my stack begs to differ 👍
You never gave me a price at which you'd buy back in for a hedge against a pick up? I said I'd do the opposite and I'm still keen. Glad I wasn't in this morning... Would have taken some of my profit.
How's that water powered car coming? Read the article properly yet? Found that illusive Thatcher data yet? Realised your thick AF yet? 🤣
Gosh, you're*
Wouldn't want you to go on a want about how you're smarter than the engineers at Apple again... 🤦♂️