Member Info for Bozi

Hey Satan

Please leave this with me whilst I pull a few details together. In the meantime a comment from Danny Malchuk of one BHP, that company which offered to buy 70% of SOLG for $275m.

“As BHP our thresholds are very high — we don’t settle for the regular Joe type of copper mine. We go for the big stuff,”

Because Earthling, as far as Satan is concerned, we're all market abusing shysters.

I couldn't really care what anyone else does. It's their money and their decision to buy, sell or hold. But I care about my investment in the company and am willing to defend it in the face of repeated criticism..

Do you invest your cash in a company Satan for what they have at the time you purchase your shares, for what they could have if they execute their strategy and experience favourable macroeconomics or both?

If you deal in certainties then government bonds are surely more for you, particularly given your aptitude for excitement.

Your point being...?

Indeed Pad.

The update to the SolGold website hasn't been missed by me. A very clear hint.

Dol

SolGold aren't a junior explorer any more. At 31 March 2018 they had £60m in the bank and based on recent cash burn rates I would guess they have in the region of £38-40m left. We may even get clarification on that this week as the June quarter management discussion and analysis is due.

Also worth bearing in mind that there are 14p options that can still be exercised which will add to the coffers.

This might not be what some wish to hear but its possible there will be another funding round before decision point arrives for Cascabel. If people are worried about this they really shouldnt invest in a pure exploration play unless they have a forest of money trees.

With regards production, financing tends to be one part equity two parts debt. The capex bill for Cascabel should be favourable for reasons mentioned countless times and the strategy of going for the high grade to payback quickly seems the right way to go. Pure profit from there. Any major knows this.

Just to pick up on a point raised previously about Satan and Jim over Glencore's and others reluctance to acknowledge Cascabel as a tier 1. There's potentially an obvious reason for that. We will see what the updated estimate and subsequent PEA tell us.

A belter Colombo.

2000m of +1% CuEq.

Hi all

Anyone got any thoughts on this piece of news?

Now I've read and digested it I'm of the view thst the market has completely glossed over it. I can't blame them - I did at the time.

Bianca-Nieves- directly north of Cascabel. Very high grade gold mineralisation and respectable silver grades from rich chip samples at the Cielito vein. Project over 97 square km.

617g/t Au and 317g/t Ag
542g/t Au and 254g/t Ag

Traces of zinc and copper present over a 10km trend/strike.

Very excited to see how this one develops away from the flagship. The silver present with the high grade gold is of particular interest.

Is Mr Schodde a competent person?

"But there is still enough smoke and sex appeal to make it a very exciting project to be involved with."

"This is the maiden resource statement for this deposit so it can only get bigger and better," he said. "I would imagine there is going to be a camp of porphyry targets there."

And a comment from Nick

"We can see areas at Alpala where we can add some additional high grade resources," he told The Australian Financial Review.

"This maiden mineral resource estimate (MRE) is a tremendous start and in our view by no means represents a final size or grade because the deposit is still growing."

Ok, so thought I'd contribute something of use to the board following s period of squabbling- apologies.

So, Carrapateena, currently being developed into a mine in South Oz.

2.66mt of copper at 1.31% avg. Now this project has gold, silver and Uranium credits but the point is... with the high grade zone found by SolGold earlier this year it will be interesting to see how our average grade fares as we increase tonnage. Next estimate will be interesting.

Given GoldenVeg's outstanding assay calcs what do we think the team will be aiming for?

10-12mt CuEq?
0.7-0.8%?

Don't forget, bitumen road running through Cascabel. Access to water, electricity and abundant labour force. Within driving distance of the capital and with access to a deep water port.

*Disclaimer - this post contains forward-looking statements and should not be treated as investment advice. Please DYOR.

Apologies. I stand corrected. 7.4mt CuEq. 5.2mt copper contained rock.

Still believe the 10mt could apply if we can beef up what S around Alpala.

7.2mt copper wasn't it Colombo?

In a short to medium term future supply squeeze a 10mt+ copper resource is going to be on quite a few major's radar.

Elsewhere we will see how the 'going for gold strategy develops.

Thanks for the reply Satan. Agree that the BHP interest wasn't a takeover offer.

Olympic Dam and Escondida are both mines. When we've been talking projects I assumed we meant exploration projects, not yet at PFS/DFS.

Satan

I believe the board and management when they say they believe they're onto a tier 1 project.

10 of the top 40 drill hole results ever is a very positive indication that we're onto something large and rich.

Ok, so you tell me, factually, which are the top two projects in the world.

Tell me why you hold shares in SolGold.

You ask all the questions but you never answer any.

I'd imagine Nevsun's project is the other one. I don't hold shares in that company (for the record).

In my opinion it is.

If you don't agree then why do you hold shares?

Satan

1. I didn't say I knew of individuals. I was alluding to a suspicion, which I'm entitled to hold. Were I to know of any positions, I would not be sharing them.

2. I believe Cascabel is in the top 2 projects in the world, based on the information I've seen, which is the same as you've seen. That is my opinion, not a fact. Something you struggle to grasp the difference between.

Only you make statements constantly like they are fact.

Satan, you do know that a previous poster on this board was tracking the monthly short positions held in the company, and posting that information for the benefit of all users?

End of conversation.

Cheers Dr Satan.

By the way, why do you keep threatening me with the FCA. You do know the shorting of shares isn't prohibited? All I said, and literally all, was that shares in this company were undoubtedly shorted from the highs.

So keep on threatening, bro.