Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Jason Ward has just said that they are drilling the third hole on Hueca but the hole of Porvenir is the game changer. First results due soon but expecting to release the entire hole together.
Jerryspaniel, probably about 3 but it's not the sort of thing they'd publish yet.
Porvenir is Spanish for future. My geology crystal ball is rattling and humming...
Thanks Chaps and Gals. I've been here since January but I'm a bit shy. However, I felt a dose of real life would help to calm the ones feeling seasick. Too many landlubbers on the ship.
I'm a geologist too, and I've worked with a large mining company in Siberia, on and off since its inception. My tuppence worth on the geology: Russion resources from the Soviet era tend to be underestimated, sometimes by a good percentage. The reason for this is that the resources were counted as assets of the Russian state and if you overestimated them and then the deposits were mined and didn't come up to snuff there was hell to pay. Geologists I spoke too said geologists were sent to the gulags for getting it wrong. So I tend to lean on the side of confidence where Russian resource measurements have been made in the past. EUA is a winner in my books and I am holding.
I don't s'pose the fact the directors have been struggling to pay themselves for years has anything to do with it? Honestly, this sort of journalism gives fantasy a bad name.
Hi Quady, there are 18 candidates right now and the campaining hasn't really taken off yet. I'll speak to some Ecuadorian friends this weekend and find out who's in the running. I'll revert Monday for those that are interested. JJ
swsquires, I started my career in Ecuador and I have worked there thirteen years in total including being a director of the chamber of mines (a long time ago). I watched the government destroy the nascent exploration industry three times due to it's inability to understand the timescales and risk involved. I used to say that if the golden goose arrived in Ecuador they would kill it in the airport. NM and his team have taken the correct approach from the beginning. Stakeholder involvement is not for lip service, especially in Ecuador where they deposed 8 presidents in 13 years for not listening to them. I would say that the decline of the petroleum industry is responsible for the change of heart we have seen. In theory the government would prefer Solgold to do the project themselves, but in practice, the government is up to its neck in debt and they need large companies and massive production to escape. My view is that as long as Solgold don't scare the horses, the government will continue to support them whatever the decision. It's not like they have any choice. I would caution that the Ecuador government is prone to shooting itself in the foot near to elections so nothing is ever written in stone in this vibrant, infuriating place. DYOR and GLA
You're welcome. The FDA has now got the final submission after working with the company for months. It isn't bolted on but after 10 years, it feels like it is finally going to rocket. Can't wait!
GGP and SOLG on the Mining side. AGL for Pharma, about to explode IMHO. DYOR GLA
Mine are for condos in Miami. Maybe they know how many SOLG, EUA and GGP shares I have. :-)
I've only got 2 screens. :-)
Yipeeeeeeeee
Hold on to your hats.
I've bought into Solaris on TSX. I know the management well, and I have a hunch this could be big. Has crept up this week...
Have had shares in this since the VANE days. Got stuck with them and inertia stop me selling at bottom. I must be mad after all the money I've lost already but I averaged down on Friday. Who knows? Fingers crossed I can finally get some of my losses back. DYOR
$2025. Sweet dreams everyone
Literally
Done
My tips are GGP and AGL
No, but grammatically yes.