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Anything that brings production forward is gonna be liked alot by Franco. The only question for them that still lingers is that will they still have the full royalty come mid 2027. My guess is no. Any partner or buyer will want to buy back 50% of that Franco stake.

It's still a very tidy earner for them. And lets face it... without Franco, we really wouldn't be where we are. Hats off to them for believing when the bulk of the equity markets didn't.

We have a very solid partner there. Not sure about Osisko.. I do wonder whether they'll be selling their stake to Franco further down the line. Just a hunch.

Market has to get this back to the 20's fast as it's been asleep at the wheel.

Solaris resources valued at £650m.

NGEX valued at £2.4bln

Neither are as advanced or have what SOLG have in the folio.

Well done Damers.

That's one slide sorted out for Dan in his next presentation! Thank you Barrick.

DBW, I think Dan is just being market savvy and if he is... I applaud him for it. Why not let the Tandy story rule the roost for the near term? See the sp up into the early 20's and then let a bit of consolidation kick in and support build. Then and only then... release the exploco news. Lets face it, it could only be 4 weeks off based on the above.

I think Dan knows markets. I think he knows we need catalysts to push back into the 30's. I think he understands building a calendar of events for shareholders.

Meanwhile, we miners in Ecuador doing very well from Solaris to Sunstone metals. And this is changing the dynamic now especially with Barrick and Hanrine hittinh headlines too. You never know... Dan might be seeking a sale of the 12.5% stake in Bramaderos. That's potentially worth $10m+ and would certainly help with any final discussions on the exploco and funding side of things.

I think he's just keeping his power dry and that's a great strategy to have right now. He has 5 conferences due in Sept thru to Nov, so I expect he'll want to factor progress on Tandy by then and certainly the exploco plans.

Not long to wait... I think we'll get some Tandy news next week or the week after for sure.

Pbow, agreed... Porvenir is without a doubt the best placed asset SOLG have in terms of location and infrastructure. The region is becoming a mining district and there's plenty of chinese involvement and boots on the ground... which Dan was suggesting .... is much needed for SOLG. We don't have the staff anymore... so any deals on Porvenir has to come with staffing and ability to do the work/staff it.

Wrong side of the Andes? I think DartFrog is more of a tadpole. I though his entire post was pretty 'dry' and depressing lol!.

Not the most technically detailed finance site but if you are bored, try tapping in Solaris Resources, NGEX, GGP, PAF and a few others and you'll find their 'enterprise value' is pretty close to the market cap.

SOLG's current enterprise value using Yahoo's same financial system that is applied to the above is £544.31. Current market cap £400m.

Even Yahoo finance system has us around 40% discounted at current level.

Sp needs to rise to at least 19p before we get to basic enterprise value. And even then, that's woefully low. Solaris has £670m enterprise value and we're better than them.

Have a play and you'll see the glaring valuation gap. We've been forgotten about for 2 years and have just started to get noticed again.

Long way to go here and that's based on no news driving it. If news continues to be good... the we should be much higher than 19p.

Just a quick post on NGEX and slight distraction from the usual weekend squabbles by the low lifes.

Their Los Helados asset in Chile contains sizable resources (not any where near Cascabel.. yet) and they are long way from developement although have JV'd 31% to Nippon and retained 69%. All their other assets are pretty much green shoot stuff nothing the market would value very much at this stage.

Market cap £2.4bln!!!

On SOLG's 2024 presentation, Los Helados was the next best asset to Cascabel but still a mile away from comparable resources.

Lassonde curve?? What lassonde curve. NGEX certainly don't look like they are being discounted much. Chile tax system comparable to Ecuador.

£2.4bln market cap is what the market thinks right now. And like many miners... it's up over 100% since April 25.

Great slide. So BHP bought Filo (most expensive capex) when they could have bought Cascabel (lowest capex).

Brilliant.

Volume still solid although not as high as some of the big days but 13m+ is very good for SOLG.

The interest is back at last. News looks great for next few weeks and pretty solid through to year end.

Hopefully Dan can get the exploco aspect of things sorted and underway as think when we get back into the 20's we'll need news catalysts to sustain move higher into high 20's.

News news news... it's all about having an active calendar and keeping investors informed.

Conference season kicks off for the mining industry from September and SOLG have 5 lined up.

Just a hunch but I think Dan would like to have the exploco sorted along with Tandy drill by the time he goes into the Beaver Creek summit Sept 9th.

So lots to do before then.

Again, I should highlight that Sunstone metals are up 233% over last 6 months.

Hence our new management team have 'new' options available to them that we not there before. Bramaderos could fetch $10m possibly more.

Miners in Ecuador have done very very well since Noboa won elections. Accept for SOLG of course. It's been fast sp progress lately but slow for last 6 months. Lots of catching up to do.

Pbow, agreed... but metal prices undoubtedly have changed the modelling.

The spend on Tandy (recent drilling) was $3.2m.. prob more like $4m now or bit higher. That's smallfry in grande scheme of things. They spent £4m+ on bob's fees lol!

Parking TAM for the moment... what's your thoughts on Porvenir? They need to do the same and do a PEA. Are we looking at similar ?? 20 holes+ and around $5m budget? I'm hoping for minimal dilution here and would prefer they flogged the 12%+ in Bramaderos to raise circa $5m.

Trouble is... I don't think we have the man power to do it anymore after Scott's cull. That would suggest we need a 'partner' involved that can staff it. Here enter the chinese... again!

I should add 'to be fair on them' (previous management) they were looking at $1350oz as a base case investment number in 2022. I think they then committed to doing the full TSF plan on targeted areas within Cascabel (not TAM). Inbetween that moth-balling slow deliberation... erm. drag ones fit and hope for a bid... approach PoG then doubled up to $2700oz and then as we know... heading toward $4000oz.

Higher metal prices have transformed the viability of TAM. And here's the best part... they will have done the same to Porvenir. We wait with interest on both of these great assets.

I would think they will have all they need on TAM once PIt 2 completed in next 3 weeks or so.

It's not just about great grades at TAM... even with average grades it's viable based on open pit but more importantly as a dual purpose TSF. The latter is crucial for the larger Tier1 Alpala mine. Success on TAM is a potential double whammy and game changer.

And yes... as many have said already... why the farqqqqq didn't they get on with this 2 years ago.

Lets not go there! We move on!

Now... how are we gonna keep all these artisinal local illegal miners from descending on Tandy now? lol!!!

Just read the latest TAM RNS. Also, visit SOLG's website and you'll see all the holes... pretty pictures and all.

Mathersfinger... agree for long term holders this is the beginnings of a bigger recovery and to many not worth getting overly excited about until market starts to value SOLG correctly or inline with peers like Solaris . We need to jog on another 8p (yep 21p+) just to align with their market cap.

That said... these BB's are full of little traders that are keen on little gains like 5% or so. They are crucial to the markets as lots of these little traders make up a decent wedge of volume with their constant buying and selling. And as we know... the stats say that around 70%+ traders lose money. We've seen a few here sell early... quite a few got shaken out around the 10p poor sods.

Get some nice news on Tandy candy holes next week and we should be well clear of 13p.

Pit 1 all done and dusted now. Assays incoming. Pit 2 well underway with extra rig included.

Exploco news due anytime.

JP Morgan now sees the Fed delivering consecutive rate cuts through to year-end.

Blimey. 0.25% cuts seen for sept, oct, nov and dec.

Gold could be $4000 based on that kind of aggressive cutting. That said, I suspect the Sept cut is already priced into PoG.

Not a drop in the ocean to actusraypartners. They recently reduced a short on Essentra (ESNT) at a loss. I don't think I've seen a shorter get it so wrong so often. It's a miracle they are still in business.

18m shares in SOLG to buy back and they are sitting on a £1m loss right now. A break through 13.5p and up to 18p levels would see them £1.6m down. That's a huge loss for a firm like that based on the small punt they took out. The risk vs reward ration based on opening a short at 7.5p levels is poor ... very poor.

But as we know, they are a Hong Kong-based hedge fund manager. And our largest shareholder is Jiangxi. I'll leave you to join the dots.

I think Noboa's recent efforts (discounting the land fee idea) appears to be stoking interest in Ecuador. The signs were there a while ago but in last few weeks/month we've had Barrick signing deals. Hanrine getting on with it. Some acquisitions and as I highlighted a while ago, Solaris Resources doing very well despite not really having any newsflow of late. Long way to go of course but early signs suggest interest in Ecuador starting to gain traction. Just at the perfect time for SOLG and any exploco plans. The stars really have aligned lately if you include metals price boom too.

Solaris now £650m market cap and TA followers will be looking at their chart and thinking a break of $7.8 could see them through to $11+. That would give them a £1bln market cap!

On a comparable basis, SOLG would need to rise to 33p just to align with them market cap wise. Asset wise, we are well ahead of them timeline wise and asset quality/resources wise too.

It's hotting up yet SOLG are still near levels that we saw the sp during the early days of covid when markets were in freefall and capitulating.

Mental.

If we bobble along high 12s and 13's prior to next news release then that would provide an excellent platform for a surge on to test 16.5p+.

Ideally you want to go into good news releases 'after' a bit of consolidation. Trouble is... buyers know this hence why they keep nibbling on pullbacks.

Of course... news on tandy (assuming that's next) might be average but if there are any decent holes in there like the first 3, then could see very strong demand with very little stock supply. Shorter would have no hope of closing out 18m shares in that bull rush.

I think even based on near term and capital suffering over last 5 years the old £1 target is actually more like £1.20 now when inflation factored in.

Metal prices have appreciated with inflation, as have wages and many other things.

All in all... the any takeout or bid in the 50's will actually feel more like the 40's.

Meanwhile the our largest investor Jiangxi has been doing the opposite to the rest of the shareholder base (large investors). They've increased their stake but not at an appreciative level, they have lowered their averages considerably. Their 12.2%+ holding averages out near 13.5p. So as things stand, they will need to acquire another 88% (alot less than that to make it unconditional). Ineffect they already have a significant discount to any takeover price in the 50's. So 50's to them will actually feel like the 40's.

55%+ are in 'insiders' or large shareholders hands. 45% are in pi's hands. So that magic 50%+ required for unconditional offers was created by the recent 5%+ shares gifted to jiangxi at 9p.

Little by little ... it's being set up for a friendly offer to the chinese imho. My gut says... the chinese want to see Tandy results first and then see company split into two parts (exploco and dev ENSA) before they make a bid.

The ENSA part has been consolidated recently and now held in Swiss shell.

It's all being pre'd for a tidy sale... and sooner than many think I believe.

RICH3R, Stick at it.

You'll find TA shows you it's arse many times and often makes you look an arse too.

The important thing to remember is that it's just one tool in a bag full of tools. And you need them all.