Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Interesting to see Scott doing the presentation at Diggers and Dealers…. Was expecting Liam Twigger
Main takeaway was that there are plenty of parties interested in both Cascabel ( he did use the expression “strategic partners) and outside tenements but no one has made a move yet
“A lot of tyre kicking”
A package of licenses (4) being worked on
First Ore at Cascabel requires no shaft just access declines
(Maybe someone with more technical knowledge could explain the difference)
Re the outside licenses all of our focus is in the north currently with a crew out currently working on the recently acquired Cornerstone licenses ( guessing far harder to operate in the south) but no drilling at present.
Mention of potential “farm in on a couple of these tenements.
Apparently re M&A action it’s clear copper is the place to be
Much of the same old stuff but Scott came across well and overall I thought it was positive
Thanks for that feedback DBW.
In spite of the share price, I still feel confident that we are on a positive journey to the endgame here. Exactly what, who and when is the current mystery - but for sure - we are not far off news. Good news!
Mining by access decline can be done in two different ways.
Really all this is, is tunneling to the parts you want to mine, and using a matrix of cuts to blast and recover the ore.
However if we are going to a block cave operation at a later date, I am surprised that we are talking about this.
It can be done, but has to be planned in advance.
Maybe this is another version of the PFS.
Why are you surprised Quady ?
As you know block caving is mainly a deep mining techique but we have relatively near surface paydirt.
So why wouldn't you mine the mineral with less capex first ?
It also doesn't hurt the sell off cause as it adds value to the asset, it's worth more as a producing mine isn't it.
Not that it ever will be a producing mine in SOLG's possession, it's just a ruse to get potential buyers to stick a bid in.
I doubt it will tip any of SOLG's suitors over the edge but it's a step in the right direction.
I could be barking up the wrong mango tree, happy to be mansplained to....
Good morning Jezzoo.
The reason why I am slightly surprised is I guess we will go for the high surface gold.
However by doing this, we have to do it in such a way that we can still block cave in the future, so we need to be careful where we tunnel, as this may affect how we get to the main ore body later on.
Jezz
As Scott explained ( to anyone that could be bothered to listen) was that we could still access the main ore body, as it would provide an undercut, at a later date whilst still accessing copper (1.4%) in the meantime…. Massively reducing upfront capital expenditure
He obviously said that we can still do this ourselves but can’t believe for one second that’s his intention.
There’s no way he’s in Ecuador for the long haul, he’s there to get a deal done.
Either way this is way undervalued
ATB DBW
I believe Solgold are going to do what they always said they would do.
We are going to stage this.
Get some money rolling in and go to a full block cave operation.
We can finance this, we have always been able to finance this.
Just a question of how we finance this.
DM, there are many things I 'struggle with' with regard to this company. I guess I can add this to the list.
I think the penny is finally dropping with the slower posters here, that "we're mine finders, not mine builders" was in fact a snappy soundbites describing reality, rather than an indication of an imminent TO. At this rate, they should have realized we're not going to get a bid this year by... Oooo, maybe next April?!
I strongly suspect there will be a troop on here in early January claiming they were right, that there was a bid in 2023, we just haven't heard about it yet 😂
None of us are going to live forever, the company have dragged their feet for several years now and have just about ground to halt now.
No drilling, reducing the workforce and doing sweet Fanny Adams else can't go on forever.
It's not creating value in the company and it's not making it any more attractive either.
Stalemate.
We don't need to be more attractive to others, and if anything we do now results in us getting minerals out of the ground, it does 'add value' (meaninglessly vague phrase though that is).
Old people really shouldn't invest in high risk stocks like this. If you're over, say, 60, you should have been saving enough that some decent divs will see you live well and leave a decent block when you die. Only desperate fools would put any of their life savings into solg expecting a quick return... Or maybe they got talked into it by our resident, incessant rampers?
Are you a fellow 'youngster', Jezz? Add tried to patronize me based on my age once, and he thinks 40s is young, so I'd guess he's a fellow desperate 60/70-plus.
It is a bit tragic- you have to wonder why these people weren't smarter in their 30s and 40s, so they weren't left rolling the dice on a small explorer in LatAm? They could be a few £100k into a variety of FTSE-leaders, sufficiently diversified to essentially guarantee a robust income... Oh well, takes all sorts I guess 🤷♂️
Not anymore I'm afraid, still have the same lifestyle I had in my twenties but in my fifties now, I'm an old twot but still enjoy riding M/cycles and driving two seaters with unnecessary horsepower.
I don't associate much with people my own age as it reminds me of my true age !
I don't have a huge amount in here, I'm mainly invested in blue chips. I'd like to see it sold just to get a quick ( well ten year !) lump out of it. I'm a gambler, that's why I'm here I suppose.
Agro, has it not occurred to you that perhaps the 'old people' you refer to, hold this share as part of an extensive and mixed portfolio, which will include divi stocks?
Many of us weren't old when we first invested
An extensive and mixed portfolio but they post daily on this message board, desperate for some immediate uptick in the value of their barely-significant side-investment? Are you seeing it yet?! 😂
Ship, if I haven't made any money here in the next 17 years, I'll be realigning my portfolio and moving out of solg. But we'll be earning some healthy dividends by then, if I get my way, so it can be in the mix with my blue chips 👍
How do you know they're 'desperate'? You have an average of five posts per day over the past 30 days - are you desperate? Or are you merely being kind to us old folk by pointing out the error of our ways? I'm sure we're all very grateful.
Glad to hear it, grandpa 👍
Desperate because, as I say, they post here so regularly and always to tell each other there is jam tomorrow (presumably seedless to avoid pips in the dentures).
Your obsession with other people's age amuses me. As with all of us, within the blink of an eye you'll wake up one morning and find you've just turned 60 and you'll think "where the hell did that go?".
In many ways you'll feel exactly as you did when you were 40, but there are differences. You'll be much wiser, you'll be less judgemental (at least most of us are, although you may an exception) and you'll look back at the arrogance of your younger years and will cringe with embarrassment as you realise just how often you made a t*t of yourself. And if you have an inquiring mind, you'll realise just how little you knew when you were younger. Something to look forward to , eh?
Anyway, a young bloke like you must surely have better things to do than hang around on this site, bullying vulnerable old folk, nicking their walking sticks and frightening them with stories of impending doom?
Aw, you have my sympathy, add. And it was you who brought up my age. Wanna see the post?
It's uncanny how you forget your digressions but try to keep tabs on everyone else's. And it does feel like bullying when the people on here are as thick as novice, red, fort et al
Will I gain wisdom? Perhaps, but let's hope it's enough not to need to gamble on Solg into my 60s
Ha ha jezzo. I don’t associate with peeps my age either. It’s the first time reading your post that’s actually what I do “avoid oldies “ lol
AgArCu, I've stood reading your absolute garbage for as long as I can stand.
You might think you're clever. Or perhaps you think you're funny.
You're neither, trust me and you're just another one to filter, which is sad, because you do have a contribution to make.
Take the trying to do everyone else down attitude out of it and it might actually be worth reading.
Bye.