Member Info for Damers

Yet another positive day Solgers.

The future permutations still remain almost limitless, but each of those potential outcomes will bring great rewards to those who hold firm.

Once again I am very impressed with the professional & linier feed of information from our leaders. It all seems organised & deliberate – I tip my hat to Cuzzubbo.

Damers.

A good nights sleep for a change & a nice start to the day. Whoever silenced our Antipodean friend - thankyou.

This Tandy update will give Cascabel PFS Addendum a nice healthy boost............

Good stuff C. I think it will be sooner rather than later before the Champagne celebrations @ The Griffin.

Damers.

somethings a brewing folks............

yep, another good day @ the races Bubble & long may it continue.

Afternoon C.
Tell me your business partner has regained some dignity and bought back in?

Damers.

Vive la difference.
So, a permutation which may work for all………………
- BHP (or another) buys SOLG and keeps it as a subsidiary.
- SOLG under the stewardship of Cuzzubbo & Saridas (BHP friendly) get Alpala into production.
- SOLG also continues drilling at regional prospects.
- Key regionals gradually sold off by BHP to help fund Alpala.

………….and they all lived happily ever after.

woops - you did ref Solgold at start of sentence so my apologies Quads.
However, all those who believe that statement to be true are complete and utterly bonkers.

You know it’s true DBW.
Hopefully TheSlug is up in ether with that giant ostrich egg ready to crack.

Exciting times matey........................

'no one can build Alpala faster than Solgold' - come on now Quads.
Next you will be saying 'the children of Solgold' will be extracting the ore using traditional methods!

tks for the reply Lunch - spot on matey.

Cheers.

Damers.

I think you are right rcgl2.

My latest guess is................
ENSA & Carnegie Ridge - sale to BHP & Newcrest, with a bid landing on July 14th.
Green Rock / Cruz / Valle either sold or JV'd as a package, with update on the subject in the next 4 weeks...................

Afternoon Lunch.

You have used the higher NPV figure of $4.5bn which gives you the -35% figure. If using the lower NPV expected figure of $4.1bn we get a cut of -29%.

This only adds weight to the Mining Journal article:
- Spot on with with the suggested issue date for PFS (+/- a few days)
- Spot on with reduced NPV (+/- 1%)

This adds substantial weight to the article.

Damers.


"The PEA assumed lower copper and gold prices than we have today, but at the time, analysts were concerned by a capex number of close to $3bn.
Some analysts expect the 2019 forecast of Alpala's net present value (between $4.1 billion to $4.5bn) to be cut by up to 30% - keeping initial capex within tight limits."

Here you go Pad..............

The smart money is on a joint bid for London-listed Solgold by BHP and Newcrest Mining, as early as June.

Both miners have acquired minority stakes in SolGold which controls the enormous Cascabel copper-gold concession in mining-friendly Ecuador.

Sources say BHP CEO Mike Henry has been persuaded to go with Newcrest because of the latter's expertise in block caving.

An alliance would assuage investors' fears of ‘execution risk.' Block caving issues have hampered progress at Oyu Tolgoi in Mongolia where Rio Tinto is undertaking a tricky and expensive expansion programme.
Problems at Oyu Tolgoi haven't been lost on Henry who is said to favour an ownership model similar to Escondida, the Chilean copper operation jointly controlled by BHP and Rio.

Said one analyst: "It was initially going to be one giant block cave, and that was proved to be too ambitious. The trouble with block caves is that unless you have a nice vertical ore body, a nice regular shape, you're going to have huge amounts of dilution, as it wanders up and down, left and right etc."

It's rumoured Henry and Newcrest boss Sandeep Biswas have recently held talks to cut a takeover deal. The two companies are expected to bid following the release in May of the long-delayed Alpala preliminary feasibility study.

The Alpala deposit is the main target at the Cascabel concession, located on the northern section of the heavily endowed Andean Copper Belt.
SolGold is one of the largest holders of mining concessions in Ecuador, but Cascabel is the most advanced. The Cascabel-Alpala property contains a resource of 2.6 billion tonnes at 0.53% copper equivalent. Annual metal production in the first 25 years was estimated in the 2019 preliminary economic assessment (PEA) at 207,000 tonnes of copper; 438,000oz of gold and 1.4Moz of silver in concentrate. The estimated mine life is 50 years.

The PEA assumed lower copper and gold prices than we have today, but at the time, analysts were concerned by a capex number of close to $3bn.

A scaled down PFS is expected from new SolGold CEO Darryl Cuzzubbo, a former BHP executive, appointed at the end of 2021.

Some analysts expect the 2019 forecast of Alpala's net present value (between $4.1 billion to $4.5bn) to be cut by up to 30% - keeping initial capex within tight limits.“

Nice DBW..............

Goldman highlighted "an extreme fundamental turn" for copper, as for the first time in a decade, global copper stocks on exchanges declined through March "instead of rising during what is the metal's main seasonal surplus phase."

.........here in the NW. Hopefully the same further up the road for Sean & Red.

Another blue day with the SP would also be nice - 30p today?

by all accounts Cuzzubbo seems to be doing an excellent job..............

Afternoon Red.
I acknowledge your points and suggest you are a top contributor (mostly positive) to this BB - a point which I have made several times over the last 6 months.
To be honest I was a bit peeved at a lot of the negativity over the last week. For example on Tuesday we had a lynch mob demanding clarity from the BoD as to the way forward. If as you say they read our posts, they are not going to be jumping with joy.
We must remember that every move SOLG makes has been analysed & strategized to the hilt. For example the process of appointing of a new CFO must have taken a good 6 months or more.
I have every confidence that whatever vehicle is used to fund SOLG for the next 6 -12 months will the best option for us shareholders. The new team has not let us down to date, so let’s give them the benefit of the doubt and give them the time to action.
I am absolutely delighted with the appointment of Ayten Saridas. By all accounts a bit of a Rock Star in her field of expertise. The number one question I ask myself is not what she can & will bring to the table (which of course is pertinent), but why has such a high flyer joined the team?
The answer (as with Cuzzubbo) is that she knows Cascabel will be realised and her services will be pivotal to the project success.

The futures bright Solgers (despite the SP!!)

Damers.

Morning Red.
Only a week ago you were de-ramping the stock & now your the savour of Solgold.
Make your mind up please matey.

Flamin Galah, I se the de-ramping anti-Solg & 1p warriors are out in force.

True Solgers don't give a flying Fcuk about your 1p's, 2p' & 10p's.
£1 - min for Cascabel
£1.50 - min for SOLG
.............nothing else matters

WE WILL RECEIVE A BID THIS YEAR.............. you heard it here first!