Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Does sound like buttering up BHP shareholders to a move into a new venture.
Ha.
Sounds like a disclaimer or precursor to acquiring Solgold...
'In closing for this chapter, we reiterate our view that the price setting marginal tonne a decade hence will come from either a lower grade brownfield expansion in a mature jurisdiction, or a higher grade greenfield in a higher risk and/or emerging jurisdiction. None of these sources of metal are likely to come cheaply, easily – or, unfortunately, promptly.'
Https://www.bhp.com/news/prospects/2023/08/bhps-economic-and-commodity-outlook#copper
Our confidence in medium term deficits is underpinned by both the demand and supply side, but if forced to elevate one over the other, supply headwinds would be the #1 motive force. Simply put, the supply response to supportive demand and price signals in the 2020s to date has been underwhelming, despite copper’s future-facing halo effect. And time is running very, very short to turn that story around.
It is quite apparent that there is a very substantial disconnect between what needs to be done at the macro level to support both rising traditional demand and the exponential lift in metal needs implied by the energy transition, and what is occurring at a micro level......
A primary focus on financing presumes that the projects are ready and waiting. The reality is that the industry’s collective set of development options is modest by comparison with prior decades, with the well–known lack of discoveries, the depth and complexity of what has been found, and the lengthening catalogue of above ground risks and regulatory hurdles that confront project developers all add to the challenges of bringing additional copper to end–users in a timely fashion. Technological progress can help at the margin to improve the productivity of existing operations, but the binding geological realities feel like the stronger force for this decade at least.
In closing for this chapter, we reiterate our view that the price setting marginal tonne a decade hence will come from either a lower grade brownfield expansion in a mature jurisdiction, or a higher grade greenfield in a higher risk and/or emerging jurisdiction. None of these sources of metal are likely to come cheaply, easily – or, unfortunately, promptly.
Seanhunter what are you on about.
You believe conspiracy theories over the world's scientific community.
Slug is the most unintelligent poster on here, but you are a close third after needalife.
Stick to lying about your trades, rather than telling posters to keep quiet about technology that you are completely clueless about……
He should probably stop presenting at these conferences, last few presentations he made were followed in a 5% or so drop in the share price.....
Quady don't bother rhyming off government funded globalist organizations - it doesn't make you sound like you know what you are talking about and it is entirely off topic to Solg. Very disruptive. Slug will get banned again but we will be stuck with you trotting out the same left wing tosh on a subject that goes way above your head. Give it a rest. It is off topic. Period.
I think, as usual, that on this BB we end up always adding too much interpretation to what we are told. Since the primary objective of the strategic review is to find a buyer or worst case a partner with deep pockets interested in a JV, naturally they will be engaging anyone who is happy to engage with us, and naturally they would not exclude the existing shareholders, who to date remain the most plausible partners. What is good is Scott sharing this detail, even (interpretation) one could maliciously think that he did it to stir interest with other parties, like the Chinese for example.
I did like the last bit... reads a bit like... I need BHP's and Newmonts votes at the upcoming AGM or i'm toast so I'm getting cosy again with them to save my bacon. Problem is, they know I am buddies with bob and they are keen to stick his baseball bat some place where the sun doesn't shine.
If it's personal (and I think it is) there's no way BHP are going to vote for Scott unless of course he makes them a promise they can't refuse. Mmm.
Good grief! March 2024! It doesn't look as if Scott plans to sell this company any time soon. At this rate, we will still be here come 2026 arguing over whether co2 levels can be reduced by producing more fizzy drinks. Scott clearly has his nose in the trough and is not in any rush to move away from the trough.
Craig Jones know's a fair bit about Cascabel and I am certain he got Newmont very comfortable with this project whilst Newmont were doing DD on NCM...
Good to hear high level discussions are happening this week
SolGold continues with a strategic review process as it looks to shave at least US$1 billion of the initial development cost of its Cascabel copper-gold project in Ecuador, chief executive Scott Caldwell told at the 2023 Gold Forum Americas in Colorado Springs, Colorado, while B2Gold is looking at a smaller development at Gramalote in Antioquia, Argentina, chief executive Clive Johnson told; Caldwell aims to announce the new vision for Cascabel and an updated resource estimate in the March quarter of 2024. The 2022 prefeasibility study outlined an average production of 132,000tpy of copper, 358,000ozpa of gold and 1Moz/y of silver.
"We would like to keep the initial capital cost well below $1.2-1.3 billion rather than the initial capital cost of $2.7 billion. It is lower throughput, mining higher grade material from the same resource."
"We have updated the resource with the drilling that has been done to date, the same flow sheet with little tweaks like probably not building a copper concentrate pipeline to the sea. We are excited about it as it also reduces the development schedule", said Caldwell.
B2Gold has just announced that it will buy out AngloGold Ashanti's stake in Gramalote after the partners failed to find a buyer for a bargain $20 million initial payment. The company believes that with just one company to satisfy, it can reduce the scale and scope of the project to something cheaper and more profitable.
It was never looked at as a smaller mine because two substantial producers needed probably 150,000ozpa minimum to each of our accounts, so the mine had to be 350,000-400,000ozpa. The push was always to see if we could exploit a 4Moz resource of low-grade material and make it work.
"If we don't need 400,000ozpa to satisfy two companies, what if it's 200,000ozpa for a single company? We believe that if we look at a smaller project, it can drop the capital dramatically with a smaller mill and lower our environmental footprint as well" said Johnson.
For SolGold, a lower initial capital may help it fund a buyer or development partner. To this end, in addition to meeting with copper and gold producers, Caldwell is also looking to repair relationships with two of the company's main shareholders: BHP and Newcrest Mining.
They were believed to be unhappy with how SolGold finally merged with Cornerstone Capital Resources to consolidate ownership of Cascabel in one company, which ultimately resulted in Caldwell leading the company. They both voted against me at the shareholder meeting last year, so we have been working hard to improve those relationships. I am meeting with Newmont here, and I hope they really look at the data before they decide what they want to do" said Caldwell.
More than happy to but there’s an orderly queue here
You still haven’t admitted you were wrong to think that BHP wanted only 70% of our 85% stake of ENSA and not 70% of ENSA out of our 85%
Seanhunter so the IPCC, NASA, NOAA and every other scientific community in the world are conspiracy theorists and you and Slug know better than all of them.
Excellent Slug you say there are lots of peer reviewed studies that have stood up to scrutiny.
Just post a link to one on here and prove to everyone that you are not the most unintelligent poster on here.
Or don't post one and prove that you are the most unintelligent poster.
DBW,
one would think that a big entity talking to the government about such permissions would speed things up compared to solg doing the same.
So may be we are in a situation where in serious interest is shown to the asset and the guys are just getting themselves busy...Hope im wrong cause it is very annoying all this stuff.
There are loads of “peer reviewed” papers showing climate change isn’t man made, just as there were loads of peer reviewed papers showing covid wasn’t deadly and masks didn’t prevent spread. You just choose not to use them
If you’re convinced it’s the presence of man on the planet that is killing it then surely the best solution is depopulation? That’s what your cronies Gates and the WEF want after all.
Why not lead the way? Pop yourself in a biodegradable body bag and a few thousand years you’ll have rotted to carbon and will be of some use to someone finally.
Just as with covid, you cannot grasp that climate measures are not about being “for our own good”, they are tools to gain totalitarian control over a populace
Useful idiots like you are enabling them to do just that
Medi exactly
Obtaining permission for the pipeline and takings site etc will make the whole project more attractive and add value,
What are we doing here ? Putting everything in place to sell the thing for as much as possible
Quady this board really isn't the place for your extreme eco conspiracy theories.
Off topic at the very least and dangerous, misleading and hysterical at the most. I want to read about Solg on here, not whatever childish nonsense you've been fed by the Guardian or other globalist New World Order channels.
Those potential big interested firms know how to route a pipeline under rails, design water/power systems...and they know how to do that better than Solg.
So what are we doing here?
Slug let me make this simple for even the most unintelligent poster on here.
The Man made part cannot be absorbed as much as it's released.
If we had the CO2 levels we had 800,000 years ago today.
We would all be dead.
As not only can the current amounts not be dealt with, but we would have gone past the tipping point thousands of years ago.
We would be like Venus.
Only a complete idiot would say ah but we had those levels 800,000 years ago and we are not like Venus.
That is completely missing the point as we hadn't been burning fossil fuels and a population of 8 billion 800,000 years ago.
That show's you haven't got a clue.
Show people just one peer reviewed study that shows climate change is not happening.
And that human activity is not responsible.
You cannot because you are a fool.
You believe fools and so convict yourself of being one.
And then what ?
Months working out a new plan forward.
It seems Ecuador want/need this mine and (slowly) all the pieces are being put in place without spaffing loads of cash on more drilling that never seems to add value . It’s not as fast as I’d hoped but I actually think it’s pretty smart.
We just have to hope that, when the time comes, there is more than one interested party….. I think there’ll be plenty.
Mike Henry.....or Mark Bristow...
And who would you have in his place ?
Another Darryl?
You cant come in with all the bluster about non-performance at corporate level over a long period of time was i believe how Scott put it, and then deliver the current performance that he has. He is gone come AGM time, if he is held to the standards of his own words.