Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Faith is broken by the looks of it DBW
Maybe they need some reassurance
https://www.youtube.com/watch?v=qBXOrtIeIRw
Here read this report; the one that was tweeted about by SOLG
https://www.pngreport.com/mining/news/1379955/copper-assets-are-pure-gold
and lighten up a bit
Listen guys, it's kinda depressing listening to long term shareholders start to become impatient.
Why did you buy in the first place, think of that. Are you pi55ed that you missed the boat at 45p?
So why didn't you sell at 45p? Answer ,the massive upside that will come! Eventually not Imminently!
We are debt free as a company for starters, we have no long term debt, Our assets outstrip our short and long term liabilities, in fact we have no long term liabilities!
Due to BHP's buy in at 22p, we have enough cash now for over a year, if we burn at the current rate. Cash burn in relation to our Mcap is under 4% which has massive upside should we need to raise more cash. Will we dilute or will it be in form of a loan? It will be needed as we are about 4 or 5 years away from making any earnings from Alpala but could be shorter if they focus on Blanca.
We are undervalued in comparison to "fair value" probably by about half currently, I would say around 40p would be fair value currently so here lies an opportunity.
If you are bored at the moment unfortunately it will be like this for the foreseeable future. If you cannot take this level of boredom, don't log in for a year or two and revisit then, you may be surprised. SOLG is a safe hold (IMHO), it's not going to collapse, it won't be bought out in it's entirety, we have a Tier 1 asset with possible others based on comparitable GEO sampling, Blanca will be a game changer with 'Bonanza" grades.
So take heart of the reasons why you invested and relax. Short term fluctuations do not make one iota of a difference: it is the long term outlook that is important here.
shareholdings are irrelevant!
Alpala touted to be the equivalent of Wafi Golpu if not greater (time will tell): which was valued at £9.9B.
In all likelihood Aplapa will also encapsulate Aguinaga, not been taken into account yet!
Blanca Nieves - supposedly richer than Lundin's Fruta Del Norte
And you think £1B?
Really, people who aim for the sky are likely to hit tree tops but people who aim for the tress hit the dirt. Try aiming higher!
On the same note we have been compared to Wafi - Golpu mine in size however that was prior to the updated resource estimate and with MRE3 due it is looking bigger.
Wafi-Golpu was estimated to have a worth of $ 9.9 billion which if professional comparison is correct would value Cascabel the same. Now with the shares in issue at SOLG then like for like would value just the Cascabel concession at around $5.14 (£3.93) per share. Include Blanca, Timbara, Porvenir, Hueca, Cisne, Sharug amongst others and you are agreeing this is worth just a quid.
Addicknt! Come on!
I'm not evaluating the company in it's current state and I totally understand mcap but share price reflects the financial health of a company and it's prospects. Currently financials don't really play a part, until such times as a mine is up and running and we know full well what the assets are worth then mcap comes into play. To say £1 for a company that has one of the biggest copper find in the last few decades - could be getting bigger - along with over a dozen highly prospective concessions is folly.
Period!