RE: DORMANT3 Nov 2023 13:15
(Gold over $2,000!!!)
Aye DBW Based on Gross Annual Revenues of £2.16 BILLION, as stated yesterday or...to put it another way...
Using the PFS 1 figures and the tonnages quoted yesterday, the INCREMENTAL total gain PER YEAR, at current metals prices would be:
Copper $51.2 million
Gold $131.4 million
Silver $5.6 million
That totals $188.2 million or £155 million
Which puts SOLG on a P/E ratio of only 1.7 times, FOR THE ANNUAL INCREMENT ALONE...
So just imagine what that does for the PFS2 and, to answer your question, coupled with a gold streaming deal equivalent to the Lumina deal (i.e. a prospective cash raise of $2.3 BILLION...more than enough to finance Cascabel...
Surely the shares would be rerated to north of 50p at least in no time at all...
Remember...the market has concluded that SOLG cannot finance Cascabel, because theres insufficient capital available in debt markets, but Wheaton, FNV or Trafigura cpuld put up the whole ball of wax for just 6.6% of the output, reducing to 4.4%...
Sounds like a deal to me and...if the prospective predators got wind of that before it was signed, surely it would flush out the bidders...
I would welcome anyone challenging my figures, but again I say...THIS SP IS BONKERS on any reasonable metric.
PS For those worried about running out of cash, the Lumina deal shows we could raise $50m at the drop of a hat...