MRE from advfn23 Oct 2018 19:10
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Solgold Share Chat - SOLG
Current Price
39.10p
-0.15p
-0.38%
Bid PriceOffer Price39.00p39.45pHigh PriceLow PriceOpen Price40.30p39.00p39.85pShares TradedLast TradeMarket Cap (m)2,506,10716:35:06671.11
SolGold Share Discussion Threads
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DateSubject23/10/2018
16:31jerryspaniel: Hi Noccer. Well that's good enough for me! I must admit to finding it fairly difficult to read some of the slides cos I never know which way I should be looking! I am a former non ferrous metal trader and we never had to look at things like that. Also was on the board of an oil e&p company for a few years and when the geology slides came up on the screen I was way out of my comfort zone. Sugar cubes a good analogy. Time to get my lego out....
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23/10/2018
16:10onedayrodders: I think we are seeing some selling due to global stock market sell off which might turn into something very nasty IMHO. We are way overdue a crash on the DOW and a multi year bear market IMHO. The DOW is a FED created Ponzi scheme based upon low interest rates and printed money. I'm thinking the Emperor may have caught a glimpse of himself in the mirror and see he may not be suitably attired after all. ODR
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23/10/2018
16:03onedayrodders: I think we are very lucky to have such knowledgeable posters here.
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23/10/2018
16:00noccer: Not quite a geologist - I am a metallurgist (which does touch on ore processing). However I do know that if you double the size of a sugar cube, then the area of any section goes up by a factor of 4, and the volume goes up by a factor of 8. It suddenly struck me that if a slice in that presentation looks like double, then the volume is more than double.
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23/10/2018
14:27jerryspaniel: That is very interesting Noccer. Could I ask whether you have a geology background or similar cos I am not sure many of us here could do that sort of analysis.
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23/10/2018
13:56noccer: While we sit and wait, I wondered about slide 29 on the latest corporate presentation that shows a 2D slice through Alpala with the maiden MRE in black (>1.5% CuEq) and the latest modelling of the same in pink. Areas can be measured by cutting out and weighing (with precision scales). My measurements show the pink slice is 2.23 times larger area than the old MRE, and if the expansion in the third dimension was of the same order then we are heading for a new high grade core that is not just twice as big as the original, but more than 3 times bigger. I realise that they may have picked a slice that looks particularly good, but slide 28 shows a top down view with the high grade