Member Info for earthling

just be clear, where your last calculations for 10/12 mt copper and 25mo gold ?

I would imagine those who took part in the placing were privy to info that gave them confidence of a god return from that level?

Is confident enough with the skills, technology and access to funding to take this further Personally I hope the next resource ufate amd MRE triggers some bidding from majors I have a feeling we won’t be needing the funds for production Not long to go now IMO

I think this is expected some time this year

from August

“US$12.5 billion free cash flow from higher prices and strong operating performance”

And they want more copper.. timing could be perfect?

Indeed, I’m not saying it’s not viable More that at this stage someone wanting to buy it outright paying 1-2 billion rather than putting in 40m, will want to be sure of the economics It’s all coming together nicely

Exactly Unless they 100% able to convince share holders, which is unlikely at this stage All IMHO Obviously cheeky offers can and do come in early and it’s not unheard of especially as it is a tier 1 in the making But 1-2 billion is a fair chunk of cash for anyone

from memory pretty sure Lumina gold are not a major player, too small a set up to buy our resource.?

Is it Lumina Gold who already have a partnership with Newcrest?

They are in Ecuador already, will have to check their financials etc. to see if they might be a possible buyer?

in mt view the main reason for low SP is that this will prob be underground mining and the initial development costs are high.

based on initial MRE we needed more high grade to make it economic, despite the savings form infrastructure, power etc.

I know some on here have suggested majors would be able to work out the figures prior to PEA, but personally I think the PEA would significantly de risk for anyone paying 1-2 billion to buy it.

Imagine the share holder s of a major company who buys this without the official figures that it can be economic.

Most of us including NM and Newcrest believe it will be, especially based on drilling since MRE.

We are now producing more of the high grade intercepts which suggests strongly the economics will be viable, but until we get this officially based on updated resource and PEA, then I don't think the market will give us the value some may feel we deserve at this stage.
That's why its still speculative officially, although most of us are confident the figures will add up and thats why we are in early at these prices.

re cornerstone

▪ Cascabel is held 100% by Exploraciones Novomining S.A. (ENSA)
▪ SolGold holds an 85% registered and beneficial interest in ENSA, excluding royalty interests
▪ SolGold may purchase royalty interests for a total US$4M at completion of Feasibility
▪ SolGold is funding the expenditure to completion of feasibility
▪ Cornerstone must repay SolGold its 15% share of costs to Feasibility in excess of US$2.5M (spent by SolGold to acquire its 85% interest) from Cornerstone’s share of cash flows or sale proceeds
▪ SolGold holds pre-emptive rights over any disposals by Cornerstone
▪ Cornerstone may contribute to development at not less than 10% or dilute to a 0.5% Net Smelter return royalty, which SolGold may acquire for US$3.5M

Surely they will just do a fund raise when the time is due to elapse in or see to keep their interest?

In my experience of late they are not great at replying with emails I’ve emailed twice the last few months and not got a reply Maybe they are too busy for pi’s these days Bigger fish to dry maybe

yes looks em like the first one would be ranked 23 or 24 in the table?

they may amend their slide 17 in presentation, on the table you are referring to.

Will see how they would fit in?

I agree its looking likely at this stage that Newcrest won't want to let this go

up 4%

sub level caving.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=5&cad=rja&uact=8&ved=2ahUKEwjCubWTzpfdAhUMAcAKHU4ZBmMQwqsBMAR6BAgFEAQ&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3D-9BDHl_acrU&usg=AOvVaw01hXbGUcbli5eecx_ls-FC

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=4&cad=rja&uact=8&ved=2ahUKEwiblJHWzJfdAhUkB8AKHVjfAp0QwqsBMAN6BAgFEAQ&url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DMVDAw56s5dU&usg=AOvVaw1WJT7panjjyxnwZzBFd7N-

The drop in Copper of late we have held pretty well at these levels compared to some, possible as we are already undervalued? Expect some more assays next week and a case of sitting patiently for the revised estimate and hopefully a bid or 2