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PFS2 was economic, infact it was pretty amazing considering the size. The problem was that by creating a PFS based on a Tier1 mine, it basically reduced the potential buyers to a handful at best. And neither one of them had to make a move as they knew SOLG could do nothing with it without their backing and wallets.
Now the cat is firmly amongst the pigeons as they say. It's still a big capex at $1.55bln but the pay back in 4 years and IRR of 24% makes the list of potential partners/buyers swell into the 50's or 100's. It's no longer a project capable for a only a few. It's open to anyone that has risk appetite and access to $1.55bln in funds. At this level, you can have a consortium of 3 or 4 parters each chucking in £350m and looking to gain around £100m in profits, possibly £150m profit if copper hits the numbers GS and others predict.
Remember, BHP paid $6.4bln for Oz minerals and the capex on some of their projects is in the billions. On a comparable basis, whilst there is more risk via Ecuador, SOLG's folio and ENSA could far excel anything BHP can make out of Oz Minerals.
.... and next leg up about to start
Congratulations to the Solgold Board.
Major corporate activity is very close now.
BHP doesn't want to see a cheaper capex. They want to own 100% of Solgold.
Best wishes to all genuine shareholders
“Still reckon pfs3 is game changing slug?”
Yes, highflyingman, I do
Cheers Add,
Quite right, the pending IPA should be considered.
I am relieved to see the phased plan, and the ball is now in the court of potential buyers. I think Scott (Note I didn't say The Rocks Caldwell 🤔) has done well to get the plan out in time to calm nerves and show the rabbit to the hounds. I am happy to hold and watch events as they unfold now. Short of solg giving the company away, all we can do now is wait for a buyer, assuming they haven't already got one feeling the wares and tasting the free samples😀
Killjoy, as I said in my previous post, the reason is that this shows we now have something which makes economic sense. It's a key building block, and how the market reacts today is neither here nor there. This is about how potential buyers view Cascabel, not how small investors feel about a daily share price movement.
Given the market reaction it is difficult to see why people have been jumping up and down waiting for its release.
Eloro, good of you to concede the point - unlike quite a few on here.
The stall isn't completely laid out, but this is a very important step. We now know we have an economically viable project and which previous management failed to demonstrate.
Jog on Muppet!
Well I did say the mm's would pump it up and pull it back.
Well, I am pleased to see the phased plan published within the Q1 time line. I was wrong to predict another 2 quarters delay. Our stall has now been completely laid out, and it's now up to punters to buy the wares.
All that is required now is funding to keep us going until someone bites.
Great prediction, Kapil.
I'm still howling at the moon adikt.
If you take those rose coloured glasses of. You will see me laughing at your earlier hysterical claim as to how good the PFS was.
The markets appear to differ
Over the last 6 months whilst talking to death rns3.
I've just totted up how many times I was told it will be a game changer. Or words to that effect. 211 times
Well it appears they wdfe right.
We just lost 5-0.
What will be the next game changer, we are waiting for.
Ive now counted 612 game changers.
I agree it looks like it’s been pushed out quickly after yesterdays collapse.. who releases this on a Friday?
And yes.. they have used higher metal prices to get the nicer numbers..
Let’s see what the experts say over the next couple of weeks..
They(!) Will be busy subduing the price, no doubt about it until first bid !
Indeed, that's why I'd get up for an old lady to take my seat on a bus.
Best news I head yesterday dear.
All the best.
Unbelievably
Their quote actually comes from yesterday’s RNS………..
Don't concern yourself with me tiny old man, you clearly fear the stronger sex, let's hope that's not a euphemism...😉
ONWARDS & UPWARDS!!!
jw*******amy
serial deramper across the lse.
filtered
With all the dirt thrown at the board, quite rightly so and due to years of ambiguity / different interpretation of previous RNSs, chief knew, he's got a mini rabit awaiting to raise its head....it was just unbelievable they could've watch the demise of the sp and market capital. Great News chaps :)
Yes, onwards and upwards - interesting weekend for some !
GLA
Unlucky dorris.
💐
:)
Assuming no more restrictions, would be nice to see some director buys over the next few days... and big ones!
The cash balance was $12m at the end of December, it will have sunk further since, the cash burn is significant here.
They will need to raise finances this quarter, like it or not. My bet is 4-5p range
I'm afraid only a bid is going to make the difference you so need.
GL