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TheItalian, your approach and comments are always sensible. Thank you.
Note: Gold hit $2020 and Silver $24.74 this afternoon. If this is sustained, what we have proven in the ground becomes much more sought after. 26 MilOz of gold is not to be sneered at! Glencore cannot be the only Major Miner looking towards the future in precious metals?
Come on Solgold board, let's have some (good) news as we seem to hold 19p or thereabouts!
Bubble, how I wish your Code 1 was foolproof for delivery of the news we need from Solgold!
News of a sale of Cascabel is what most of us desire.
I know there is a lot of hype on King World news but do have a look at the graph on this attachment. If correct we really are in an excellent position but requires time (which to my mind we do not have).
https://kingworldnews.com/the-most-important-chart-of-2023-will-blow-your-mind/
More interesting articles concerning our Gold Deposit in King World News today:
March 18 (King World News) – James Turk: “First of all we are only a chip shot away from a new record high in gold and we are already seeing record highs for gold in currencies around the world. The way things are shaping up, Eric, I’ve been talking for a long time about the collapse of the US dollar and it looks like it could happen this year. And that makes me a little bit nervous..........
addicknt and Bm3121. Surely this all points to a deal having been reached in principal with a buyer or a multiple possible buyers, behind closed doors? Just a question of how the spoils will be divided up, imho. Hopefully, we the bottom feeders, will hear soon?
Like you Bubble, I have also been here many years. Hope to conclude soon?
So which comes first? The Strategic Review and then the Bid? Or will it be a bid for the whole bang shooty?
Would be nice to have the SR out soon, to know what the new board is thinking/planning?
Like your attitude and opinion, Stockready 1.
Patience required as we do not have any new company guidance to date. Just speculation. But what we can deduce is that there IS something major happening behind the curtains.
Warren Irwin mentions wanting to sell Solgold at 13minute 40 seconds or so.
Copper's other considerations to rapidly increase the deficit are:
Urbanisation of 200 million Indians soon requiring electrification/Urbanaisation.
Rebuilding of Ukraine after the war is over (hopefully soon!).
Obviously much more electrification, EV's with the Green Movement world wide.
With a current deficit and it taking at least 10 years to develop a Copper deposit, we will put further pressure on Cu supplies.
The Military Use of Copper to re-supply armaments is going to affect the deficit, for sure!
Makes me wonder if we - Solgold - are not in a much better position than we think?
Interesting that there are (licence/red tape) problems even in the Arizona, Alaska etc to get streamline Copper Mines
Wonder what our CEO will say at the next presentation OR are we going to get a stream of good news this next week already?
Warren Irvine on this panel who almost said who we are selling to! Almost, Ha, ha!!!
https://www.youtube.com/watch?v=K1lUPzaXkpo
Colonel, I DO like your optimism and believe your expectations are realistic, After-all, we already have a Tier One. plus Pornevir and possibly more? We had world renowned Geologists who had already identified tenements with potential, in great strategic positions on the spine of the precious metal rich Andes. Just look at the miriad of deposits (Au, Ag or Cu) and mines from Punta Arenas through to Columbia and northwards!
Hopeful, or am I clutching at straws that this can still come good (50p or more?), LOL!
copperpot, a quick "Google & Wiki" makes me wonder if Gina is "big enough" (financially) to take on this project. Building a Block Cave Mine in Equador?
The payback is 4 years in a 26 year mine life or longer (or something like that!) but comes with many potential problems. Including a possible change in government in 2024.
SharketMare or any other posters. If the DFS would add value to our asset or make the sale easier, why have we not completed this requirement? A completed DFS would make our asset more attractive, surely?
Is it that we don't have the funds or lack the will and/or manpower?
Or, do we have a possible buyer/bidder and this makes a DFS irrelevant?
Opinions please?