RE: Solg18 Oct 2024 08:47
Anyone comparing SOLG to SXX is either a damper or has zero understanding whatsoever...
Scaremongering is so transparent!
As someone who bought SXX at 2.5, sold at 12.5 and then watched, horrified as the events unfolded, I could give countless reasons for the clear and unequivocal difference, but a few will suffice...
1 SXX had an undeniable huge resource of POLYHALITE...an inferior potash fertiliser substitute. SOLG in Cascabel alone has a gold/copper/silver resource with a gross value of over £200 BILLION at current prices...an undoubted Tier 1 resource of copper and gold in a world where copper will be a scarce reen resource...
And they have 85 other regional resources...
2 SXX tried and failed to raise the $500 million needed to develop the mine...the SP collapsed.they became insolvent...and AA picked them up for a peppercorn...now even AA are struggling to make the mine pay
SOLG has already raised $750 million of the $1.65 billion needed to bring Cascabel to production, from a major offtake funder that carried out months of due diligence....
Other offtake funding providers are quote "salivating" over the prospect of a $900 million copper offtake...
3 Blind investors in SXX lost everything and more...I know some personally...many had not told their wives how over committed they were...some lost their entire pension pots...
SOLG offers the genuine chance for many PIs to make themselves financially secure for life...
It may take time because nobody can force bidders to bid...we are not building the mine..there are always risks...market crashes etc..geopolitical, but as far as investing in Ecuador is concerned, China has signed a trade agreement, the US is taking an interest and many miners are already heavily committed, including at least one owned by the Chines State...as is Jiangxi...
Hope this helps....