Member Info for Jerryspaniel

A major offered Solgold a free carry to first ore/free cash flow in return for 50% of Cascabel, would you accept that? Might be nice to hold a major cu asset through this bull run.

Addicknt, its not a board for serious discussion it appears. Will be happy when its sold - to Zijin!

I would have thought that the fact that Zijin have been rebuffed by the Canadian govt over an investment with Solaris/Warintza would have gained more traction here. We know they are comfortable with the country risk, and the commodity profile. Surely Bob put a call in to them immediately?

Zijin now have less exposure to copper/gold than they assumed they would have. Will they close their 'short'?

Bbg, Solgold is listed in Canada too!

Mining companies won’t want to list there if they cant attract Chinese money.

Afternoon Addicknt and others. I think Newmont see it as a financial investment and not a corporate asset for disposal, but I could be wrong. Up to now I havent considered Glencore as a potential buyer of Cascabel but now I am not so sure. They are a v big player in copper and their copper assets have risen in value considerably in past year, so they could want to reinvest some of their profits. Plus they are not at all scared by 'challenging' countries given how much they are in DRC.

But my one problem is have you ever come across a company or asset that sells for (say) ten times its market value?

Morning BBG, I agree, but why doesnt the market?

£148b value of metal in the ground at Cascabel. 1% of that is 49p a share and 3% 148p, approx. Could it really go for less than 2% of the value? Market seems to think so. SC happy to sell for 0.5%!

Adieu, you might want to recheck that cu price……

Those of you that have met Shaun will know that he is salivating at the prospect of owning Telfer. That's because he knows that he can strip out a lot of costs in the operation and right size it for the future production. Also the AISC over the past 6 months or so is irrelevant to the number going forward due to production constraints because of the tailings dam issues. With the mine producing but the plant not, a new owner will have the benefit of a lot of ore already mined but no metal produced. So there will probably be a short term collapse in the AISC (but this will probably be reflected in any purchase price), before the costs are stabilised to the new production profile.

If Shaun can stick NM with any future liabilities due to the tailings dams, then owning Telfer is a no brainer imo.

Bamps, with the cu price on a tear I am hoping that the Au AISC will be a lot lower than US$500.

The discussion about dilution, accretion and shares outstanding is very illuminating as it tells me immediately those that understand finance and those that don't. I would filter anyone who doesn't understand as it brings into question all their opinions relating to a Solgold investment imo, but as I haven't seen any posts by someone who doesn't get it, I am assuming that I already have. So my judgement appears to be spot on!

RK, not sure why anyone would do an offtake deal that could be cancelled on them.

$4.58 a pound is $10,097 a ton.

Sirmark, could you explain what you mean by 'selling forward'? Thanks.

Morning Eloro, one reason for the recent sp fall is that SC is slated to speak at the conference in June. Some people were hoping that the business might have been sold by then!

Yep

An interesting debate on the price of GGP under various gold price scenarios. If we are happy to assume that a significantly higher gold price would do wonders for the GGP share price, dont forget that all miners will benefit and Newmont would probably be the next Nvidia and the magnificent seven would probably all be miners. On a bell curve distribution of likely outcomes it would probably be at the wings. But it doesnt mean that these scenarios cant be discussed.

IMO $3,000 is probable and $19,000 is possibly possible - maybe a 2% chance?

Afternoon MH01. Not sure the comparison with NS is appropriate if the high Ggp sp assumption is based on the gold price rising, as NS mkt cap will probably be $50b!

I hope all serious minded investors had a chance to watch the webinar that has just finished. Speedy you will love it. I think it’s being reproduced on some site or other. Worth having a look for it.

Well that was brilliant. But you supposed investors were too busy talking about effing vaccines.

Pretty much sums up this site.

There is a webinar at 4pm hosted by mining network and Arlington. Eric sprott, Pierre Lassonde, ned naylor Leyland, Michael Oliver and Luke Gromen. Must see for anyone interested in gold.