Whoever takes this to production I thought for fun I would try working out possible future dividends per share. Happy to have figures corrected or point out what I have missed.
At 40MT per year at 0.6% Cu Ed per ton= 240,000 tons Ave cost to extract of £3,051 per ton Copper price £4,769 per ton = £1,718 gross profit per ton £412,320,000 or 24.25p per share per year assuming 1.7bn shares Less admin and other costs.
Probably I have missed something, But worth thinking about if it did go to production and still a shareholder
Q. SolGold is in a very unique position in the market, do you view this as a challenge or opportunity? Independence is the challenge. Diversity is the opportunity. Our unique position is both a challenge and an opportunity. Our challenge is to provide the necessary funding to see Aplala progress toward development and the opportunity is to create an integrated pipeline of exploration, development and mining projects largely 100% owned under the SolGold roof. This will present SolGold’s shareholders with a unique opportunity to take part in ownership of one of the world’s largest emerging copper gold porphyry explorers, developers and miners.
SolGold have applied for drilling permits on five of these concessions and is currently focussed on defining robust drill targets
First pass exploration work across these concessions has been very successful and resulted in the discovery of several targets which SolGold believes have the potential to become world class porphyry Copper ‐ Gold or epithermal Gold Silver projects. SolGold has applied a ranking on these projects which identified the 10 highest priority projects as: ‐ Blanca ‐ Rio Amarillo ‐ La Hueca ‐ Cisne Victoria ‐ Porvenir ‐ Cisne Loja ‐ Chillanes ‐ Salinas ‐ Timbara ‐Sharug
With a significant update on the maiden resource expected in Q4 2018, an independent Preliminary Economic Assessment set for release in Q1 2019, and the ongoing development of our 10 priority regional projects, the next year is set to be exciting for SolGold and its stakeholders."
The Company has purchased a sample preparation lab to be commissioned in N'Djamena in order to facilitate sample preparation and improve sample turnaround time. The sample preparation lab will be able to process rock and soil samples from the field programmes, ready for air freight dispatch to the assay laboratory in a more efficient manner.