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Indeed, but I believe we then have the right to match it.

NM seems to have his bases covered re keeping the majority ownership.

As he has said in effect majors need to put up or shut up at this stage.

If we do take this to production we are going to need at least one major and NCM have the expertise in block caving.

It may be at a later stage he gives NCM to increase their stake at much higher SP.

Whether he will pull this off is another chapter

one only has to look at some of the other explorers on the lse site, with market cap close to ours with no where near what we have here.

NM said we are in the top 3 in the world right now, with regard to financeable assets.

Yes we are in Ecuador, but once we get the go ahead from the gov I think we may start to see true value.

I don't believe the market is convinced yet that we are going to go all the way with this, financing should put an end to our vastly undervalued SP.

Exactly, glad this has been reposted.

Looks to be very undervalued by anyone’s criteria. Hoping for 3p short to medium term.
The mine in Ethiopia will be the countries biggest single generator of income and I don’t think the market is currently giving us any value for Saudi, which should change will more news and definition of the resource.
I think it’s a good move to change our name to accommodate the copper aspect, not sure of this happening, although I have read it several times on here.

That we can back from in the red to finish blue on Friday.
Short term sellers out following the news release, which was very positive. Hoping we can work our way back up the 20p range over coming weeks.

I said this week NCM aren’t finished with us and I believe this will be the case.

They liked this asset from the off and can’t see them not wanting to be a part of the production team.

They hoped they would get a big slice on the cheap and that can’t happen so let’s wait and see how they play it from here.

Is very welcome and with what’s ahead of us I’m confident we can continue from here.
Just read previous RNS’s re value compared to SP

Tbh I think we would have heard about it if the illegal miners had been Chopping away at Blanca

Yes good points, maybe that’s just it, what you have highlighted.

But it’s at their discretion I believe how often they release the results

They certainly don’t have to release after every drill. A back log of assays is an easy one to wangle.
I do believe holding back Blanca is a tactic and legal.

If we do take this to production we will need a major along side, maybe even two.

This is where further dilution at a higher price may come into play.
NCM would be the preference with their expertise in block caving
Let’s just sit back and see how they get there.

Already would be worlds biggest silver mine, 3rd biggest gold and 6th biggest copper mine
I believe that was after the MRE 2, so this may have improved in this respect.

Our main asset is gold and copper it’s a win win regardless of the price of one of the metals.
As NM ha said several times if gold is high we get the copper and silver thrown in.
If copper is high vice versa
Due to the long life span of the mine we would likely see several cycles in metal prices.
IMO With gold on a bull run and copper ready for a come back it’s a great time to be defining this world class tier one asset.

... have been here 5-7 years or more in some cases.

Although I prefer a buy out at fair value I’m also willing to wait another 5-7 if we do go to production.

Even 1-2 years from now we should be de risked further and have at least another prospect well on the way to being defined.

Exciting times for SOLGERS

just get the feeling he is intentionally holding back on this one.

yes thanks, so where are the assays?

of BLANCA, if the expected bonanza grades anticipated a while back still stands, why have they not put a few pins in there?

However, I'm sure I read they had started to drill at BLANCA recently?

Anyone know whether we have started to drill there or not? He mentioned it several times with regard to bootstrapping the main asset. Having a high grade shallow gold discovery so close to Cascabel?

I particularly like "is significantly richer”

the first results from Porvenir, we may get a nice boost in confidence if its as good as anticipated.

“ the first project we will be drilling, Porvenir, in southern Ecuador, has an outcrop on it that is nearly twice as long as the outcrop was in the creek at Alpala and is significantly richer”

At the end of the day

I would also bet the Ecuadorian mining ministry know this also.