Member Info for mattlilly

Of course Moller is in NM's pocket...he is de facto Chairman at DGR if push came to shove and their longest serving Director where NM is listed as "Founder & Director"...

Excellent post rcgl....

That completely blows Quady's arguments out of the water...especially re dividends, because he was asserting that this would start as an open cast mine...

"The fact that Alpala’s ore body is deep underground, coupled with its environmentally sensitive location in a virgin mining jurisdiction, means that Cascabel needs to be a subterranean mine."

Keith Marshall knows EXACTLY what he's talking about, as he is an expert on block caving, having been MD at Palabore and President of Oyu Tolguei...one of the biggest block cave mines in the world, where he will have learned massively from Rio Tinto's mistakes and steep learning curve...

"Rio Tinto will use block caving technology to mine the ore body. Block caving is technically complex, but it is also one of the safest and most cost-effective methods of mining ore from deep below the ground as it uses the force of gravity, according to the company."

https://www.greencarcongress.com/2020/12/20201217-riotinto.html

"Keith's last two operational roles with Rio Tinto were as Managing Director of the Palabora Mining Company in South Africa (during its successful transition to block caving) and three years as president of the Oyu Tolgoi Project in Mongolia...."

This guy fills me with HUGE confidence, especially these two quotes:

“It’s very important to get the PFS right because once you move onto the Definitive Study it is very difficult to make any changes as you have lots of work streams going on in parallel.

The old plan for the PFS was “high risk”, explains Marshall. “It was high risk in terms of execution because it was aiming to build the world’s largest underground mine in a record time and that rang alarm bells in my mind. The plan for a mine like this needs to be robust, so we can build it on-time and on-budget."

And...

“The big advantage of block caving is the operating cost. It’s the cheapest form of underground mining, with operating costs typically between $5 to $10 per tonne. In fact, it’s the only underground method that can compete with open pit mining on cost. But it brings a level of complexity that can’t be underestimated. I’ve developed a lot of block caving mines and there is normally a bit of pain at the beginning before you get it right. Once everything is working the cost advantage is phenomenal and it usually makes for a very profitable mine."

Time to be patient...there is a firm hand on the tiller...

Watch him in two clips of this video...calm, considered, professional, highly knowledgeable...

https://tomongolia.blogspot.com/2009/10/oyu-tolgoi.html

I completely understand ssmith...but which end of the telescope are you looking through...

Yes there's no news; yes the PFS has been put back until Q4; yes the Election rerun is still due, but...

Neither of the candidates should worry us...I know Solgold management aren't worried...they've inserted a slide on the Election in the Presentation...

BUT...

There is undoubtedly going to be a massive and growing copper shortage

We have one certain and two probable Tier 1 Assets...Alpala is in the top ten prospective new mines in the world...

We know someone is going to build out Alpala and if it isn't us, either a JV or takeover will spike the price sharply higher...

We know the company isn't going to run out of money

We know there are seeking strategic partnerships outside the 13 core projects (that's anotherr 62 possibles)

We know the `Broker targets range from a minimum 55p to 105p

We know BHP and NCM each have c13.7% stakes (part of BHPs bought at 45p) and that, having sought RBC's advice on their stake, NCM decided to hold on as a 'strategic investment'

We know that if CGP were to lose their nerve and sell out it could trigger a bid...

We know Alpala alone will be the 5th biggest silver mine in the world...

We know the gross value of the known resources at Alpala alone are worth north of $130 Billion GROSS, with prices of all the metals predicted to rise...

The trouble is that people get bored, impatient, fearful and either bale out because they're worried that the SP will fall further or that there are better opportunities elsewhere...

The latter might be true for the moment, otherwise we would be holding 4 million shares in Solgold...

But we should possibly ly take a leaf out of Quady's book...he has patiently held for years, knowing that one day his SOLG ship will come home BIG TIME...

So in conclusion, its the not knowing that troubles usb ut it is the BELIEF that should persuade us...

AIMO as usual...

Well done on your excellent timing BTW...21.19p...copper back wpm above $4.12...who'd have thought it...

I still think we should change the name to Solcopper unless the Gold price boom some of us anticipate materialises...deffo holding the price back ATMO...SolGOLD...

Fabulous day is right...17C yesterday and must be close today...

Just back from a walk round the hills above our wee Yorkshire town, taking in the magnificent views and meeting all the friendly people...

God's own country...

PS POLY results excellent today...divi increased to 6.3% yield...back in on the inevitable markdown...

I was wondering of this was being shorted to build up a cheap position pending stonking news...

There is no real explanation for the SP languishing in the low 21s when the assets are worth conservatively many times that...

Of course the lack of news after the blizzard last year and then the disappointments in Dec/Jan would partly explain this...

Lets face it, there's nothing immediate to spice up the SP ATMO, so people get bored and move on and punters aren't drawn in because there is nothing to draw them...

So this is a value play...and that is why we're back up to just shy of 900,000 again and prepared to wait...exactly the position we were in twice before...

Meanwhile, although I can't find any evidence of shorts greater than 0.5% in the UK and, despite it being a much quieter market, the shorts in Canada rose sharply in November/December from an average of c100k shares throughout 2020 to between 1.2m and 1.4m shares ever since...

That might not seem much but it is 12/14 times the daily volume, so I will be looking for signs that they are closing...

https://www.marketbeat.com/stocks/OTCMKTS/SLGGF/short-interest/

Keep the faith...

GLA

Grim we have to get used to occasional meaningful RNSs rather than Nick's 'confetti' approach...and I for one welcome that...

Nearly 30,000m of Porvenir to be drilled by end Q2...

Solgold was never presenting at PDAC, they were only 'attending'...virtually...

Hi DBW...Nick controls DGR so that's not going to happen as long as he is a major shareholder here...

If DGR sold it would indicate he was giving up...

Probably...lets leave it at that...

Show me one poster who has stated this...just one...its your standard trope...

"They haven't got a clue, and say this is to difficult to raise the money and build as Solgold.
They will use anything to pretend there is no other way."

To be clear...I've said it would be better to J/V Alpala with BHP and if there was a successful bid it would be in the £1/2 range...

I've NEVER said it can't be built...

I've NEVER said it can't be financed

I HAVE said don't expect dividends before 2030

"They haven't got a clue, and say this is to difficult to raise the money and build as Solgold.
They will use anything to pretend there is no other way."

And lo and behold...

LSE can be infuriating sometimes...

No posts displayed for 4 hours...no doubt there will; be a sudden flood...

Meanwhile...

What we need to do is J/V Alpala and then apply the attached graph to each discovery one by one to keep the SP going up...

https://www.visualcapitalist.com/visualizing-the-life-cycle-of-a-mineral-discovery/

OK back up to 900k with another c190k at c 21.8p...

Cheap as chips...

Outstanding article DBW...

This last sentence stands out...

"A goal like that is not insurmountable, but it will take major investments in copper exploration, at a scale that has never before been attempted. Any copper junior with a deposit of significant size and grades, will have no problem attracting a major or mid-tier acquirer, that can help finance a future copper mine and bring it to commercial production. "

Have a good weekend Jerry...or are you going to stick around for the snide Olympics on here...

Big and growing copper supply gap from 2025 to 2035...

https://www.kitco.com/news/2021-03-11/Copper-price-to-peak-this-year-here-s-why-CRU.html

Just where do you get off...?

Frequently accusing people of lying and just being plain aggressive and nasty...

If he caught a flier, he might bomb it down the fairway and be left having to blast out of a bunker...

Tesla...SOLG is just 18% of our portfolios....