Member Info for Dreamboatwarrior

Then flushed hopefully

Red we may get assays from surface but not sure we’re drilling anywhere

Lol Add I think we just have to ignore the noise

“BNamericas: How excited is the mining sector about the granting of the environmental license for Curipamba? Is it seen as conducive to pave the way for others?

Yépez: With the approval of the Curipamba environmental license, it’s evident that exploration projects can reach the production phase in Ecuador.

As a country, we have to demonstrate that it’s feasible to invest in Ecuador, also with the corresponding approvals for La Plata and Loma Larga.

With these three projects we can talk about a new era of mining in Ecuador, in which other projects such as Cascabel and Cangrejos will follow, among others that are in the pipeline”

https://www.bnamericas.com/en/interviews/what-ecuadors-mining-industry-expects-from-pdac

Morning Kat …… someone agrees with you

Elliott Management to invest >1bn in mining

· Elliott, the giant US activist fund that enjoys making governments pay up on their debt, has announced it plans to invest >$1bn in mining assets (FT)

· The group, which is perhaps best known for holding Argentina’s feet to the fire, is looking for under-financed mines to invest in.

· The strategy reminds us of the development of Xstrata which hoovered up under-capitalised and under-valued mid-tier assets with the backing of Glencore.

· The new venture called Hyperion, will be led by Sandeep Biswas who was formerly CEO of Newcrest Mining.

· Hyperion can buy into most of the sector including EV metals, base metals and precious metals.

· The investment strategy ranges from taking stakes in existing companies to acquiring single mines and full corporate takeovers.

· The group might also co-invest on larger transactions.

· We see this move and other new interest as marking the bottom of the current downturn in the mining sector.

Shopping list for Elliott

SolGold* for its Cascabel project

Sovereign Metals* world-class Kasiya rutile and graphite project

Savannah* lithium project in Portugal

Atlantic Lithium* - lithium mine in Ghana

Cornish Metals*+ - restart of South Crofty tin mine in Cornwall.

Hi Fort I think an off take agreement with a finite term would be preferable to Royalty but it could go in a completely different direction. As someone mentioned earlier a deal for say Porvenir could put all funding issues to bed for the foreseeable.

I’ve always thought this will be sold and still believe that, some say production the only way forward. Both take time and clearly neither have happened to date .

Some reaction to today’s release

“Looking Ahead: SolGold's Strategic Path

The appointments of Mr. Jian (John) Liu and Mr. Charles Joseland to SolGold's Board of Directors mark a significant milestone in the company's journey. By leveraging the vast experience and fresh perspectives of its newly expanded board, SolGold is well-positioned to navigate the challenges and opportunities that lie ahead in the competitive mining sector.

As the company continues to grow, the strategic guidance and governance provided by its board will be crucial in shaping SolGold's future. Stakeholders and investors alike may anticipate a period of strengthened leadership and strategic direction, potentially leading to enhanced value creation and sustainable growth in the years to come”

Indeed Roxi

Excellent news

Afternoon BBG

It’s fairly simple now,as someone said to me this morning

It’s public knowledge that 5 mining groups have a stake in Cascabel: Jiangxi, BHP, Newmont, Franco and Osisko.

I can’t think of any other junior mining company with so many groups positioned.

So those that don’t have the patience - can sell up and move on

Nuff said

1984 …. Problem is if and when there is a real positive shift in momentum you won’t see them for dust .

HFH

I agree re the next week or so ….. be good to put the need for dilutive funding behind us for once and for all .

Thanks interesting article

He’s right about the shadow of dilutive funding hanging over us …… the sooner they put that to bed the better.

So many other options available…..

Hi Add ….. sorry was talking to 1984

Lol ….. do you still read his twaddle?

Here was one that sprang to mind

https://www.mining.com/solgold-advances-plan-to-sell-flagship-ecuador-copper-project/

Https://wp-solgold-2023.s3.ca-central-1.amazonaws.com/media/2024/02/Feb-2024-Corporate-Presentation-1.pdf

Good luck Mathers

Sid …. Bob and co know how to raise money if and when it’s needed that’s what they do.

The share price could be anything but the main shareholders will have a price they are willing to accept regardless, so offering a few pence would be pointless.

On another subject

Re PFS

including the inferred at Alpala and Tandayama 15m tonnes copper and 36.6 m oz au. 33.6 bn lbs copper. Worth 129.36 bn . 1bn oz silver worth 22bn and 36.6 m oz gold worth 64.05 bn.

Total is $230 bn which at 3.85 copper is 59.74 bn lbs copper equivalent or a massive 131 m oz gold as a gold equivalent. It’s the largest undeveloped deposit in the world . Value it at 3 c/lb - that’s 1.8 bn

Take 30% of dNpv that’s 1.07 bn

Take a 1% royalty that’s $2.4bn.

So Cascabel could be currently reasonably valued between 27 and 80 cents US or 23- 62 p per share on application of acceptable market comparative metrics . The exploration strategy is worth more than that again.

This is why however long it takes this won’t go for peanuts 🥜’s

The other question is why isn’t the market buying like crazy at these levels , the following worries remain

1. Wether there’s an equity issue funding coming

2. Development funding even conditionally

3. Ecuador stability and tenure security, IPA

4. Exploration reinvigoration

5. Lack of communication and news

If Scott was to pull his finger out and address some of these issues they might be surprised how quickly and positively the market reacted .

Hi ToS

“With the apparent complete lack of interest in Cascabel, I’m beginning to wonder if we should just mothball it, and do a fundraiser with the sole stated intention of using the proceeds to recommence drilling the other tenements. i.e. get back to what we were once good at”

To be fair if we can’t sell something as exceptional as cascabel what’s the point in finding another one?

As for the complete lack of interest…… the only time we’ll find out is if and when the first interested party shows their hand.

I believe this will happen and thus remain invested and investing .

Agee again ….. we just have to hope Jiangxi aren’t the only game in town.

Also a price we may have once been disappointed with is very different to a price we will be disappointed with….. for many it’ll be a blessed relief.

Especially not having to come back here and worry what you might tread in

Morning Bozi

Nice summary ….. will also be interesting in the coming weeks to see who’s buying and who’s selling …… it’s the ones in the know ( the Canadians ) to keep an eye on .

It’s always been Solgold’s way …. Release solid news and neglect to follow it up with a sustainable path forward.

One day and all that

The easiest way would be to place the CGP shares with a strategic. Given the robustness of the PFS I’m certain they have alternatives now.

Whatever they do they need to get on with it.