Member Info for mattlilly

Highfly that was today's FCA short report...

When will XIB close their short...15 million shares...

Todays FCA short positions report:

XIB Asset Management Inc SOLGOLD PLC GB00B0WD0R35 0.50

In November 2015 ATYM was 70p...in December 2022 it was £4.23...

Even before PFS3, under PFS2, Cascabel will produce 7.6 million ounces of gold...

Wheaton Precious Metals, in May 2023 agreed to pay Lumina Gold (an Ecuador gold/copper project), $300m for 6.6% of the first 700,000 ounces of gold and 4.4% of the remaining 400,000 ounces...

That values the gold alone at $5.172 Billion, based on the then price of $2,000/oz.

$300m/700x6.6 + 400 x 4.4/1100

The Osisko deal in December 2022 valued the ``cascabel gold alone at $8.333 Billion, which was an absolute steal but SOLG has a buyback option.

The actual Gross value of Lumina's gold production is £2.187 billion...

The actual Gross value of the Cascabel gold production is 7.6moz x $1988 at current prices...i.e.$15.109 billion

However, applying the WPM/Lumina metrics to Cascabel gives a Gross value of $300m x 7.6/1.1 / 5.8%, i.e.$35.737 Billion.

The Gross value of the Copper production at current prices is $23.751 Billion

So, based on PFS2 ore productions, the total Gross value of the copper and gold production is $59.5 Billion

Given the widely held view that the Silver sales even at $19 cover the total costs of mining all the ore, and assuming still a LOM of 26 years and a discount rate of 8%, an approximate NPV of Cascabel can be calculated as:

0.3382530766 x 59.5 = $20 Billion or £5.41 a share....

Now I'm more than ready for the clever people on here to correct my calculations, but to repeat...

The Lumina deal values the Cascabel gold alone at $35.737 Billion Gross, i.e. £9.60/share undiscounted...

So IMO all we need is for WPM, Glencore, Yamana FNV or Trafigura to posit a similar deal to the Lumina ECUADOR gold streaming deal and the shares will fly, or...

It will scare any interested parties into bidding for Solgold...

I wonder what Scott has up his sleeve before the AGM...?

Gold up 3%

Silver up 10% in just over 72 hours...

Some think silver will lead the next gold bull market...$38 and even $50 being talked of...or even $100...

https://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/silver-in-the-future/

On Monday the Gold/Silver ratio was 87 times...long run average c70 times...currently 83...

If silver reached $100, gold could be $7000 and SOLG's annual gold sales would gross $2.5 billion...

Alberto is projecting a $15,000 copper price...

The CFO is projecting a MCap of £700m...enough to take us into FTSE350...that equates to a SP of c£5!!!!

I'm heavily invested in ATYM and the CEO is currently taking questions...

He is projecting a copper price of $15,000 a tonne...

Bring it on...boom for SOLG also...

In the meantime I'm trying to connect with Maria AA...

Hi DK

I can echo all you say.

We found the Ecuadorian people we met were delightful.

Whitewater rafted 25km on Rio Quijos...managed not to fall out!

It would be great to come and visit you when our SOLG payday arrives!

Anon I have no intention to filter you, but...

Please state that is an opinion, because it is not a FACT and certainly cannot be deduced from the statements...

So why say it when you are already down 18%...

People who think their irrational worries out loud are hardly likely to help push the SP through strong resistance at 10p...

So please keep your unsubstantiated negative opinions to yourself.

Already up over 4% since Monday...

https://www.kitco.com/news/2023-11-14/METALS-Copper-hovers-near-5-week-high-on-softer-dollar-China-stimulus-hopes.html

Https://seekingalpha.com/news/4036885-copper-climbs-on-china-industrial-production-liquidity-bump?mailingid=33373981&messageid=2900&serial=33373981.8472&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=33373981.8472

Yes DBW...and copper breaking out sharply at $3.77...

Even under the old PFS2 those numbers that Argonaut quotes produce:

$1.12 BILLION a year Gross Revenues from copper and

$705 MILLION from copper

Totalling $1.825 BILLION A YEAR!!

SOLG current MCap is $338 MILLION....

All the doommongering on here suddenly seems a tad irrelevant...

Cheers as usual

I have Darren and have many happy memories of visiting the region around Quito and white water rafting...and of course the Galapagos...

SM...do you really think the Govt won't take account of the 3 years in Ecuador lost to COVID...?

Or the prospective anger of BHP, Newmont and Jiangxi if their investment was lost?

Let alone the egg on face from the constant Goverment trumpeting of Cascabel...

What is the "whopping $67m spend Talatum" please?

Oops...hit the post button too early, but...

The total of those two items is $4,325,230 and accounts for 71% of the:

"Acquisition and addition of exploration and evaluation assets (6,084,863) "

I suspect the Ecuador Exploration is either/or former CGP projects, such as Bramadero and/or the 'regional' projects, many of which are up for sale, J?V or otherwise exploitation...

And of course setting up and managing a 'data room' and site visits cost money to run or support...

But the MD&A tells us clearly that money was spent on:

ey

activities during the quarter include:

• Metallurgical test work

• Updating interpretation of 3D geological, veining, alteration, geotechnical and

metallurgical models

• Updating the Mineral Resource Estimation MRE#4

LIDAR survey over the planned infrastructure outside the Cascabel concession, including the

transmission line, pipeline, and tailing facility. The LIDAR flight is completed

So in conclusion, it looks to me as if:

1 A great deal of money has been wasted in previous periods

2 A great deal of advanced work has already taken place to prepare for PFS3 and indeed for any sale of SOLG/Cascabel and investment/sale of any or all of the other 90+projects.

1984...you too are one of the more intelligent posters on here.

Have you actually read the MD^A and Quarterly Report.

The cash Operating Costs for THREE MONTHS were $3.281 million...thats just over $1 million a month.

At that rate the cash would last at least until April 2025...yes 2025...

A quick look at the Cashflow statement would have shown you this item:

Acquisition and addition of exploration and evaluation assets (6,084,863)

And for those who think nothing has been done about PFS3...first, the information is only up to 30 September and work was already underwya by then, viz the 'Highlight':

"Advanced work on the revised pre-feasibility study, which envisions a phased development approach of the Cascabel

Project, with the primary objective of the study reducing the initial capital required to commence operations"

Then there is this sentence:

"Net cash outlay during the three months ended 30 September 2023 was $9.6 million, compared to $14.4 million in the

comparative period of 2022, driven by reductions in overheads and focused expenditures on exploration and evaluation."

And

"During the three months ended 30 September 2023, the Company continued work and vendor engagements to produce a revised pre-feasibility study..."

As I posted yesterday..."the capitalised expenditures on exploration and evaluations" includes: in the quarter

Cascabel 3,042,767 and

Ecuador Exploration 1,282,463

Anon...you are not filtered because I am happy in general to give you the benefit of the doubt.

But when you post nonsense like this, I question your judgement or whether indeed you are invested here...

""2024. Management intends to raise financing prior to June 2024 in order to maintain a strong cash position..."

So no sale in 24 H1 then, that tells me. In fact, probably no nothing is my guess. "

Why not pause and reflect before postingsuch nonsense?

SOLG has absolutely no control over whether any company will bid for them, so their statement does not in any way imply n o sale.

It is designed to put at ease all the people including some on here that have suggested SOLG will run out of cash...or is another SXX...

We have $22.9m cash.

We are burning $9m a quarter....or less, when you take out the non-operational cash burn last quarter, because Scott has stripped out unnecessary expenditure. Even at $9m that takes us to April at least, but he has stated categorically on more than one occasion that we have enough cash until June 2024 at least.

And in addition we have the former CGP SOLG shares. Even at this price us into Q4 2024.

So please think twice.

The Strategic Review will be completed by end Q1 2024.

It is clear beyond doubt that the end goal is a sale of Cascabel or more likely SOLG.

The PFS will be completed by end Q1 2024.

I expect a material drop in costs and, based on higher metals prices, a material increase in revenues, NPV and IRR.

My current thinking is that the final deal to buy SOLG will involve us keeping most if not all of the non Cascabel projects.

That would include Bramadero, but may not include Porvenir, Rio Amarillo and Helipuerto, depending on the ultimate buyer's interest in gold, as opposed to copper as the primary draw.

I cruised Greenland with Hurtigruten in August. We visited Disko Island and other disused mines in Geenland. We had a metals/minerals geologist onboard who knew several people involved in Greenland.

He knew about Kobold and said drilling had been interrupted by what he called a 'gas blowout'. I was rubbished at the time.

I remain fully committed to Jay, with 600,000 shares at a 1.69p. Along with 1SN and SOLG I believe these are three of the most underrated junior mining stocks on the planet.

Assuming RE's promises come through and JAY survives, I expect to make a multibag here as well as the other two, because we are on the verge of a Junior Miners boom...

IMO and DYOR