Everybody needs to rewind here... original Cornerstone valuation is in Canadian dollars. Start again from there. I can't be bothered doing the numbers..have fun.
Chile’s Codelco set to get a slice of Ecuador’s copper riches Cecilia Jamasmie | November 20, 2019 | 3:47 am Exploration Intelligence Top Companies Latin America Copper Gold Chile’s Codelco set to get a slice of Ecuador’s copper riches "The Llurimagua copper deposit is located about 80 km northeast of Ecuador’s capital, Quito (Image courtesy of Chilean copper engineers.) Chile’s Codelco, the world’s No. 1 copper producer, is closer to securing a long-awaited deal with Ecuador-controlled miner Enami EP, which will allow them to jointly develop a massive project located about 80 km northeast of the country’s capital, Quito."
"That doesn’t mean the copper and zinc spaces are dead. Majors are still forward looking and are keeping an eye out for standout assets. I remembered that yesterday, when a corporate presentation I was perusing laid out a list of copper transactions in the last 10 years. It was a great reminder that good copper projects get bought no matter the copper sentiment" "The result is a market worth watching. As I said near the start, standout copper projects get bought no matter the state of the copper space. As such I’m watching a few exploration projects that might be onto something big."
--++-- Doe we know of any standout copprt projects??
"Hannam's new broker note "Quarterly results show solid progress towards PFS; upgrading target price on Alpala recovery boost" (18/11) Solgold $SOLG $SOLG.L $CGP #cascabel #ecuador BUY TP 116p
"...The company is in late stage negotiations on a number of strategic financing options, with the aim of securing funding by end 19."
"...We view Alpala as one of very few world-class, large-scale copper projects globally with the potential to fill a looming deficit in global copper supply over the next decade. As such, we believe SOLG is a prime candidate for consolidation as larger industry players look to replenish their growth pipelines."
Our resident genius trader, this explains why he has the hump with Solg..??
"TriggersaysDave Posted in: ECR Posts: 240 Price: 0.825 No Opinion
Just joined the party 1.5m shares.31 Oct 2019 16:27 1m at 0.79 0.5m at 0.84
Got potential here . TriggersaysDave"
"Posted in: SOLG Posts: 240 Price: 20.85 No Opinion
Just sold out my 500k shares30 Oct 2019 15:09 at 20.25p. Will buy some art and a few shares elsewhere. Wish you all well. Will buy some Cornerstone shares on Tsx later today as they seem value. Good look to all"
!!!!!!!!! CURRENT SHARE PRICE ECT... 0.6p. WELL DONE DAVE!!
Already valued...current situation is nuts16 Nov 2019 21:49
BHP and Newcrest have already assigned a valuation previously to Solg. Since then, what has changed and is likely to change? Hypothesis: the market currently has the valuation totally wrong. I know which side of the risk equation I am betting on; seems obvious.
how the recent gold and silver recovery improvements got forgotten so quickly. Couple that with MRE3 abd you have a big bang. To me this is a no brained at this price going into the year end.
Solgold Share Discussion Threads Next Page Date Subject 15/11/2019 07:29 pob69: Patience.... $SOLG $SOLG.L $CGP #cascabel #ecuador THE MDA confirms "...the delivery of the third Mineral Resource Estimate (MRE#3), which remains on track for release in December 2019." "...The PFS is expected to be released in early 2020" "...A preliminary drilling program (...Alpala and surroungs) comprising up to 100,000m of drilling utilising 10 machines is envisaged for the coming calendar year; SolGold has a budget of some US$30 million for the program (...of course funding needed)." "...SolGold is in late stage negotiations on a number of strategic financing options, and the monthly cash burn has been adjusted in order to complete these discussions by year end to enable the Company to continue its ambitious strategy to complete a Alpala DFS by the end of 2020 and to continue its regional exploration campaign." "...SolGold was not impacted during the temporary country-wide unrest" hTTp://www.solgold.com.au/wp-content/uploads/2019/11/20190930-MDA-2019to2018comparison_FINAL1.pdf