Member Info for mattlilly

Https://investmentu.com/kobold-metals-ipo/

"There is belief that below the surface of Greenland’s Disko Island and Nuussuaq Peninsula is enough nickel and cobalt to power countless millions of electric vehicles.

We are looking for a deposit that will be the first- or second-largest most significant nickel and cobalt deposit in the world,” KoBold Metals CEO Kurt House told CNN."

My apologies DM

While the Cost engineering was done to the requirtemnts of a US organisation below, it appears that all the engineering work was done by Australians...now why would you do that...?

"The capital cost estimate meets the requirements for a pre-feasibility study consistent with the Association for the Advancement of Cost Engineering ("AACE International") cost estimating guidelines for a Class 4 estimate. "

AACE is a non-profit organization with about 15 employees at its headquarters in Morgantown, WV.

Experts:

Mineral Resource Estimate Cecilia Artica, BSc MSc RMSME (formerly) Mining Plus

Mineral Reserve Estimate Aaron Spong, BEng FAusIMM CP (Min) Mining Plus

Environment, Social, Tailings & Water Tim Rowles, BSc MSc FAusIMM CP RPEQ Knight Piésold Pty Ltd

Metallurgy Peter Gron, BSc FAusIMM Wood plc

Process Plant & Infrastructure Steve Klose, BEng MSc FAusIMM Wood plc

Opened up almost 3% at 16.90 before settling back...steady as she goes and a tight spread...

Wouldn't take much (non ALGO) buying volume to get this going through 17p again IMO.

No...not ramping...just observation...

And BTW a reminder to the idiots...you're all filtered, so you're shouting into a vacuum... ;-)

"Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed above the confirmation level which was at 16.12, and our valid average buying price stands now at 16.25. We may be at a market bottom or at the start of a reaction rally. "

Hi DM

First apologies because I have many posters filtered so I may not have picked up the nuances.

As to your question, the answer is yes, Scott is looking at cost factors that the previous PFIs ignired by looking at North American engineers rather than the cheapest (and possibly the best) in the world, i.e. the Chinese...

(And of course it may produce compelling evidence for the likes of Jiangxi to pursue a deal harder...)

DM...in the public domain are the following facts...

1 We have enough cash (including the CGP SOLG shares) to last until 'at least' June 2024 without a fundraise and even then, we have headroom in Royalty Financing.

2 Scott is working on much cheaper costings for the mine, using for example Chinese engineers and different approaches...only a matter of time before this emerges...

Thanks SM

550k in less than a minute...

16.56...

Https://www.bnamericas.com/en/news/ecuador-expecting-to-conclude-negotiations-on-us3bn-cascabel-copper-gold-mine-by-year-end

"Ecuador expects to conclude negotiations on a production contract with Australian miner SolGold, the operator of the US$3bn Cascabel copper-gold project, in the next few months, according to deputy minister of mines, Juan José Espinosa.

We hope to deliver the good news before the end of the year," Espinosa said in a radio interview."

Https://www.mining.com/solgold-mulling-phased-development-of-cascabel-copper-mine/

"SolGold faces the possibility of losing Newcrest Mining (ASX: NCM), one of its top investors, within the next couple of years if Newmont (NYSE: NEM) (TSX: NGT) succeeds in its takeover of the Australian miner and brings those assets into the fold.

Newmont said on Monday it would seek to generate $2 billion cash in portfolio savings, including selling non-core assets, with the transaction.

Newcrest’s 10.3% stake in SolGold could be one of the positions the US gold giant may seek to divest."

"According to the pre-feasibility study published in April last year, annual production will average 132,000 tonnes of copper, 358,000 ounces of gold and 1 million ounces of silver during Cascabel’s 55-year life-of-mine.

This means the asset has the potential to become one of the 20 largest copper-gold mines in South America."

Https://finance.yahoo.com/news/31-stake-solgold-plc-lon-060459737.html

"Institutions' substantial holdings in SolGold implies that they have significant influence over the company's share price

A total of 9 investors have a majority stake in the company with 52% ownership"

"The general public-- including retail investors -- own 23% stake in the company, and hence can't easily be ignored. "

From HH on Twitter...

"A reminder for the $SOLG retail base, it trades around 2.3 million shares average daily volume which is roughly £360,000 a day. Not even a 2 bedroom London flat in Zone 5. 30% is the free-float. A buy or sell for £100,000 can move this +-3% easily. Just a highly illiquid stock."

and

"Other day, Ecuador’s State owned Celec quoting CEO Gonzalo Uquillas said they will have build 1,000 MW of installed capacity which will be used by the big 3 mining projects including Solgold’s Cascabel kick off in 2024. A lot of fresh press pointing to action."

Durini also said this "[State mineral company] Enami also has preferential rights and could seek mechanisms to advance exploration in joint ventures with other companies,"

Surely not Addickt?

XIB still shown as 0.5% short...

From 't'other side'....

"Hi sean...nobodys going to bid £1 billion...the transaction will be in dollars and it will be xp a share based on their valuation but...

Unless its a knockout bid, who wants to be first as that will provoke a bidding contest if its too low...

Whats too low...? Anything less than 40p because the SP has hit or broken that 5 times in the last 5 years.

Also people are overlooking the properties/relationships that CGP have brought to the table, e.g. Bramadero...

Plus the incremental value of owning 100% of Cascabel...

Jiangxi and Mitsui have made clear their interest; BHP and NCM have never walked away.

And there are 'several' parties in the data room.

Finally, this is not just a copper play. When gold gets rerated you will see this SP rerated pro rata (if we are still independent by then).

So I stick at my view that £1 will be necessary to take this out.

Remember Noront? 23 to 110 in 5 months...

Analysts ratings are 40.11; 44; 65; 70; and 84.16

But all of those are 'sum of the parts' not pricing for a bid..."

Warren Irwin on Twitter June 13th

"I am sure there are multiple parties looking at SolGold, which one moves and when, who knows? It is an excellent deposit, I think Scott's new plan to mine it will light things up. I am looking forward to seeing his plan."

From DBWs posted article.

".If Newmont decides to stay in Ecuador, it will seek to acquire 100% of the Fruta del Norte mine and expand its interest in the Cascabel prospect.

I believe that Newmont will stay in Ecuador and use the path opened by Newcrest in its strategy to fully enter Fruta del Norte and expand its stake in Cascabel."

As I said DBW...Newmont/Newcrest could be pivotal...

Great post as usual...