Member Info for Dreamboatwarrior

Getting interesting Add
Thoughts Ray ?

Another 4m Late
Most mm’s were asking 36 at the end

It sometimes does that with a late trade kill .....closing price was 35p

Maybe someone heard we're going to production?

Here we go ....... 12.35m at 35p dead

Huge UT.... Extended....... Over 10M .....
Courtesy of the Slug

https://m.youtube.com/watch?v=oQ1LN-ZC3s0

Listen from 5 minutes bubble
“If someone comes along we’re open to it, we’ll do what’s in the best interests of our shareholders “

In the meantime they’d be stupid not to move forward as if going to production ….. that way all options remain open .
Do you honestly believe the likes of BHP or any other potential suitors will happily let us take it that far ??

Thanks RK ....Exciting times ahead indeed

Not forgetting Norges adding another 5m shares since the last presentation 3/4 weeks ago

Part of this is the company's aim for Cascabel to be the development stage project with the lowest ever carbon footprint. "When we have got a clear plan on how to achieve that we are going to release that to the to the market. There are a few things going for us with access to hydropower and block-caving is intrinsically a low-energy mining methodology because you're basically using gravity to grind the ore. We're transporting concentrate down a pipeline down downhill, a low-energy way of transporting concentrate, and the site is self-contained from a water perspective as we are not tapping into aquifers. There will be a bias towards electric vehicles underground, which saves on ventilation and roadways, and the government also has a tax incentive for investments in in carbon friendly technology. We want Ecuadorians to be proud of what we are doing and having a key role in getting the world to a net zero emissions future," said Cuzzubbo.
Government support for the development of its mining sector goes beyond tax incentives. "There is no question that the government is supportive and open for investment. We see actions following the words. We see exploration increasing exponentially and other companies investing heavily into Ecuador. A number of mining majors have moved into country in the last few years, so there are many very tangible signs that we are not the only ones seeing the sovereign risk really come down," said Cuzzubbo.

"At our Porvenir project we are kicking-off a preliminary economic assessment so we can help the market understand our true value as our market capitalisation is reflective of just Cascabel and we want it to see now we have a major position in Ecuador and can be a multi-asset organization. We are going to help the market do that by doing PEAs on different projects," said Cuzzubbo.

The company's Chillanes concessions surround Warintza, where it is awaiting permits to start drilling. "Two months ago, we came across an outcrop and we can see it is a porphyry system. We have three concessions which wrap around Warintza and that outcrop shows we have a significant porphyry system there with visible mineralisation," said Cuzzubbo.

SolGold is also seeking joint venture partners for 76 other concessions it has in Ecuador under its Nightingale project.
SolGold has been a large, high-profile copper development project for a number of years whose shareholders include BHP and Newcrest Mining. While some market observers have been expecting a SolGold buyout for a long time, it has yet to materialize and with little acquisition activity in the copper space, it may not happen for some time, if at all. But Cuzzubbo is unfazed.

"I don't know what BHPs or Newcrest's intentions are but I know our focus is on what we can control and that is making sure we are optimising Cascabel, de-risking it and building a team that can pull it off with or without an acquisition. We are building the relationships with the community and the government, and building robust planes. I want us to be able to do this with or without a major. That gives us additional optionality and additional leverage, which makes us more valuable to a major as well," he said.

SolGold is working to boost the potential of its Cascabel copper-gold project in Imbabura, Ecuador through optimisations and exploration drilling to show its porphyry cluster potential as it prepares to update its pre-feasibility study (PFS), CEO Darryl Cuzzubbo told Mining Journal.



In May, SolGold reported a measured and indicated resource of 2.7 billion tonnes grading 0.53% copper equivalent at the Tandayama-America (TAM) porphyry copper-gold deposit a few kilometers from Cascabel. It also reported it was seeing drilling success at Moran, which is between the two deposits.

"We will include [Moran] but it won't come in time for the PFS addendum as we would have to update the full technical report and have a mine plan over it and we won't have sufficient time for that. We will continue to update our mineral resource estimate as we drill more and this resource is clearly bigger than what we currently see," said Cuzzubbo.
In addition to expanding the Cascabel area resource the company is also working on optimisations to increase the net present value (NPV) of the potential development. "We are pursuing through the next six months in our PFS agenda things like optimising the mine plan further to lower infrastructure costs, lower the amount of development to optimise our surface process infrastructure, which will lower capex, and bringing-in the TAM open pit, which brings production forward, because if we get underground ramp-up delays, we can rely on the TAM open pit. These are the biggest ideas in terms of assuring an additional US$400 to $800 million in NPV," said Cuzzubbo.

SolGold is also working so that the market understands that it is not a one-trick pony and that its value extends beyond Cascabel to include the Porvenir project in southern Ecuador, and a host of other exploration projects, including one adjacent to Solaris Resources' Warintza project.

PDAC

https://twitter.com/solgold_plc/status/1536746881858129920?s=21&t=mI7cYvtQJgj8X-ECToq6pg

Short presentation on website shortly

Fortissimo ......See page 5

https://www.rns-pdf.londonstockexchange.com/rns/8977M_1-2022-5-26.pdf

Moran part of cascabel concession

Here’s the tweet re mining journal
https://twitter.com/solgold_plc/status/1537059414330548226?s=21&t=-gSXVWyM78__P0IJ3zaBbQ

Thanks Gino

Exactly Sean ….. stick to what we know ….. finding the stuff ….. Norges are risk averse they wouldn’t touch this if they thought we were going to try and do it ourselves
IMVHO

Says it all
"Cascabel contains ~13% of total copper and ~17%
of total gold in new major deposit discoveries in the
last ten years"

Norges .... oops

https://wp-solgold-2021.s3.eu-west-2.amazonaws.com/media/2022/06/SolGold_Corporate_Investor_2022-06-15.pdf

Noreges up to 3.97% (from 3.79 in May)

TR1 soon