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Let's not forget that there is some ground to cover on the politics and mining cadestre. It would not surprise me one bit if Lasso have given SOLG a firm push in the right direction. We know that a number of concessions were relinquished last year. More will need to be handed back soon unless work commences. So there has been a ticking time clock this year and thus far nothing has materialised on the grass root discussions which were said to be advanced.
Lasso would benefit greatly from the PR should a major transaction take place on Ecuadorian soil. Thus far progress on opening Ecuador up to business (electoral pledge etc) has been slow and yes, Covid issues not helped but with about 2 years and 3 months left, Lasso will be keen to start inking some deals.
It suits all involved to see Alpala in the hands of someone with deep pockets as could accelerate the project. But it has to be at fair price. Lots of important folk out there want to see another Tier 1 copper/gold deposit come to market especially as shortages loom in 2026+.
I agree Colonel...Lasso needs Cascabel to move forward soon...
A nice little update from Moran still possible… resource still growing despite Darryl’s best efforts
If we had any results there worth releasing they would have been by now.. I’m sure we can can consider it a disappointment like LaHueca. It is what it is..
Orthern…. Maybe but I was told that, after the Rio debacle, they would in future wait for full assays from 4/5 holes before updating if we had anything….. so you may be right but you never know
We can I hope I guess.. it as I mentioned earlier, I find myself only interested in how the AGM plays out now… even the PFS update seems secondary right now
Solaris have had more success and we do have licence blocks near them so you never know... might be a JV coming up which sorts some exploration phases for us to chew on while broader sale process/discussions take up 2 or 3 months.
https://www.solarisresources.com/news/press-releases/solaris-outlines-broad-porphyry-deposit-in-first-follow-up-holes-at-warintza-west-discovery
Ortherncopper - I don't think the PFS2 update will be too exciting. It might just sustain the lower end IRR and help fend off inflation issues. Most buyers will be looking at the middle figure anyway as inflation issues will not be like they are today if Fed target rate is 2% on longer term goal. So PFS2 could add some spice to the middle and high end figures but do little to the low end. Ironically, I think it's the low end that they were keen to see move up but then inflation came bowling in post Putin and Covid and has scuppered that.
There's lot a value across the folio. The question I would be asking at the Strategic Review is this.... would it be better to IPO or sell ENSA and then seek to repeat process with other targets or would it be better to sell the lot.
Breaking SOLG up into neat M&A parcels might be the way to go. I get the feeling that Mather does not want to let go of the exploration opportunities and therefore might have agreed to flog ENSA but the bit that doesn't work with that is the fact that CGP have just exchanged their 15% ENSA stake for 20% SOLG shares. Porvenir will be of interest to NCM and Lundin imho. It's their kind of size. But what else could be bundled into that package which brings in more value?? Strategic review far from straight forward although that can be easily sorted by having a bid for the entire business land via a super major or Chinese entity. Then the decision becomes binary.
I agree, that is close to my expectations for PFS 2… inflation to balance out much of the potential improvement.
With regards to wider folio I actually disagree. There is actually not a lot of value if you remove, the still unproven Porvenir.. we just have plots of land.. nothing more. Until we have proven drill results, we just have potential farmland or jungle….
Too many people are too quick to try to prescribe values and discoveries to land where nothing has been found. Some on beers have even wrote we probably have multiple tier 1s in the bag…. Absolute bedroom fantasists.
In this instance I actually agree with analysts who constantly prescribe just a nominal value to the rest our folio..
Bloody autocorrect…