Member Info for earthling

Well November or December isn’t far away now with ongoing assays due during that time Let’s hope the resource estimate gives us a lift Even at 1% we are undervalued if the target comes in as expected With infrastructure etc we should be more at 3% levels IMO

We could also be due assays every week based on the amount pending, if they deliver them as they did the last 2? Let’s hope we move up from the depressed levels as we approach Autumn

yes, I forgot to add a month for the assays on top, so its looking good for end of year

based on this we could get a resource estimate November time? followed by PEA afterwards?

From latest exploration update -17000m drilling before resource estimate.

with 10000m of core per month being drilled, that would mean just under 2 months of drilling to go on Alpala, or have I got that wrong?

"On the basis of the drilling results to date and the results of the Alpala Maiden Mineral Resource Estimate, the reference to the Cascabel Project as "World Class" (or "Tier 1") is considered to be appropriate. Examples of global copper and gold discoveries since 2006 that are generally considered to be "World Class" are summarised in Table A."

our new poster with 2 posts, both with a failed link comparing us to the deposit considered to be a freak of nature by all accounts.

if there is another resource on the planet that can get any where near that mine, we have a fair chance in the largely unexplored ecuador

not interested in who you really are, filtered.

its difficult to call at this stage IMO, re a sale or other they take it further themselves

In view of the number of other tenements/projects, and that the likelihood they may find at least one even better than Cascabel, I would prefer they sell this one and give us the funds to repeat the process.

This was initially the model on which they have sold themselves to investors, its seems this could have changed or more likely that they are open to a decent offer, the talk of taking it to production is pretty standard talk for where we are at.
It rarely happens in practice, especially with the size ff this and the amount of cash needed to develop it.

I also think thats why we will turn next to BN to see if there is some shallower very high grade gold to get the party started.

It seems they are still talking about hitting the core first to save costs, but a shallow high grade near by project would prob be the preference.

Its hard to call IMO, but the further we go on the more we are proving up and when the time is right the more valuable we will be.

Will a a major or consortium let this pass them by, that is the question?

reading about Vales plans, I think these have to be one of the favourites for buying Cascabel?

an announcement that Vale had made an approach?

https://www.cnbc.com/2018/04/09/reuters-america-crucesco-solgold-going-alone-on-ecuador-find-despite-partner-interest.html

Indeed And the further we take it, the more valuable we become

Hi 16.10 post earlier

That’s not accurate one bit You clearly have spat your dummy out and worries here Your moaning of late is far more negative than anything I’ve asked

Nope! That does sound a big moan Seems you feel you are the only one entitled to any opinions on here ? Maybe wind your neck in a bit?

It states ‘conditional complete funding package’ We don’t yet know what that means but from what he says in the mines and money interview, posted today, He makes it clear it Prob won’t come from banks I feel this is if we go for production and if a bid comes for Alpala then the funding won’t be necessary I think that was the initial process of the model he said he was creating in Ecuador It strengthens his hand knowing he can this funding package if a decent offer doesn’t come in Currently it’s a bit all up in th air I’m eating for revised estimate and PEA and am now fairly confident we won’t get any more dilution this year

Every explorer is looking towards the next fund raise, with 40m in the bank and zero debt I'd say we were in a much stronger position than the majority of explorers/would be junior minors.
I think that's clear tbh

I think some maybe under estimating the size and quality of the next resource estimate, and the fact that a bid come come any time from here.

They will have a rough idea of the numbers, IMO the majors will prob want to wait for the PEA so it would be seen as de risked further to share holders.

That said anyone who does really want this could come in early with a decent offer to secure it early on.

There are so many variants here and only NM and his team know whats going on in the background.

He has played it pretty well IMO, its not easy, quick or cheap proving a resource of this size.

I know one thing for sure, I have learnt that the opinions of a few on here will have little or no impact on the end result.

Personally I'd like to see more geo surveys done on BN and roll a couple of rigs over there, if its going to be as good as is being hinted, get some excitement back before end of year.

I also think its unlikely we will stay depressed as we get closer to the end of the year, will be very surprised if one can buy at these prices come October /November, which is only weeks away..

I'm guessing Jim is still twittering on with himself, doesn't add up that he is holding at 35p, a small amount , yet spends all his time on here telling us how we are going no where and feeling everyone else pain.

indeed

true, but I don't take much notice these days of CEOs telling share holders they are undervalued

Do you know of a company that hasn't said such? lol

I'm sure he believes it re a rerate after Ghana results, hope he is correct.

Take SOLG at 46p and NM said at the time he could see a ten fold increase from there, we are currently at 21p over there

that the market has difficulty valuing us

obviously I don't expect that, just what others thoughts on funding were.

If I'm the only one thinking about funding then maybe I was right in thinking it won't be an issue this year at least, there is no harm in questioning these things, especially when a SP has been stagnant for so long

I just know how these big exploration projects eat through cash.

and more importantly we are always the last to know, so in that sense yes you are right, they never say " we are expecting to raise more funds in next few months" lol

I think medium to long term this is a very good hold