Member Info for earthling

I believe it would be a mistake to try and take this to production
We are an explorer, and a very good one

Production of a mine on this scale is a whole different ball game and I’m confident NM knows this, despite his preference towards production in the media.

At 22p we would be pushing it to get over 75p at this stage, which is what I believe NM has concerns about, hence Citi getting onboard.
Fact is though he couldn’t actually stop it happening if they went for it, which would also then free up BHP to counter bid, pushing the price up regardless.
It’s too big for one company so which two or even three will it be is the Interesting part for me right now.

Right. Personally I think £2 is higher than fair value at this stage of proceedings

Two majors could pay 50p each from here and get the lot and can’t see how NM and Citi could stop that happening even if he wanted to.
Most of us agree it would be very much out of the norm to make a bid before PFS, which he has said Will hopefully be with us before end of October, good timing with regard to BHP.

Rio have had a chance to take a stake, not out of the running as such but it looks at this stage like BHP, NCM and possibly Barrick will end up owing this mine, in a number of combinations of those 3.

Quady the reality is this too big for one major alone, let alone SOLG.

You say no one would pay £1, however between two majors this is still not big money, especially as BHP already have a stake.

yes, its the grades that will make the difference, already have one monster re volume of resource, and a rich core.

The chances of finding a ultra high grade resource are high in Ecuador, it's just time.

Thats why i'd like to see Alpala sold to a couple of majors who can mine it whilst we crack on and do what we do best.

If Carlsberg did explorers

production is a whole different ball park.

I know you're in the production camp, but you an't be sure the majors won't pay a decent price for us.

If they want us , they will get us, it's that simple.

beginning to get on the radar now, still massively undervalued IMO for the reasons given in the news releases.

yes I agree Colonel.

pricing us at 20p clearly is not convinced yet re the other projects.

IMO until we get funding for Alpala and permission to mine, I think they will remain sceptical.

I do believe this will come good, obviously time will prove one way or the other whether we are going to become an emerging major gold-copper play in Ecuador.

The market still needs convincing, clearly its been shown already these news releases such as todays have little impact on our SP.

We need to crack on with getting the first one over the finishing line before the market will reward us for details on the projects.

Surely a sale of the asset would then allow us to repeat the process on the many other targets.

When the majors feel it is de risked sufficiently I am confident the bids will come.

welcome rise today, lets hope this is a turn around with the Saudi results on the way and another day closer to funding news in Ethiopia.

they have spat their dummy out, question is will they pick it up again, with the help of a third party or leave it.

I genuinely don’t see the benefit of another Q and A webinar at this point, when the important questions we are asking are u likely to be answered or with the usual caveat.

With regard to NCM spitting their dummy out of the pram, a tad unprofessional really to say the least as NM’s response qualifies his decision for share holders.
Could all be sort of the game plan of course, despite what many believe I don’t think NCM have finished with Cascabel and SOLG, time will tell.
BHP of course kept stum as they are well aware of what’s going on.

Yes but at the same time you have to realise how rare and valuable these assets are
Of course there is risk, however the robust nature of NM’s technical info to date puts us in a great place.
I agree we prob will need the BFS before putting up a couple of billion to buy us, that’s why this Franco deal is even more impressive as obviously they did their due diligence.

Yes good point, what I meant was we see the big players being bought by bigger players. Why would they allow a minnow/ new kid on the block to keep the lot in Ecuador? Knowing it’s likely Ecuador will hold even better than Cascabel. They could be waiting to see what else we find like the pick of the crop possibly through a JV at another project or using the same model as Cascabel.?
If we do take this all the way it will some achievement indeed.
Let’s see if the Franco deal goes through which will put us in a strong position with regard to fighting off bids but It won’t be easy at all to develop such a huge mine. We will need the expertise and experience of the majors.
It’s clear we have a good relationship there re sustainability but I’m still not convinced yet we will be able to go all the way.
Guess we will know by the end of this year.

Why would the majors allow us to go to production. Potentially being the next gold/copper player and thereby creating more competition for themselves?
I’m not saying. NM won’t put up a decent challenge but it’s unlikely one company alone will be in charge if you look at the other biggest mines in the world.
Barrick, BHP and NCM still the hot favs at this point.

Us moving in the right direction for a change
Could just be the start if we get excellent gold results

Thanks

Got it

thanks, which app are you referring to, had a look and can't see it?