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Iceberg, I don't see how that can be the case.
5th Oct: "The second drill hole will be drilled from the same location at a steeper angle of a planned -75 to -80 degrees and is targeted to more fully transect the core of the system."
Hole 2 should have hit stronger mineralisation than Hole 1 and Hole 3 (vertical) should have hit the strongest mineralisation of the three holes, or at least be on par with Hole 2.
"The third drill hole (PDH-20-003) is at a current depth of 593m and has intersected visible chalcopyrite copper sulphide mineralisation over a distinct zone from 24m to 136m."
What's going on with hole 3 then? This was supposed to intercept the core more fully. Now it's looking like there may be more to look at to the east, deeper in hole 1. Although, countering that there's mineralisation in hole 4, 200m to the west, which is getting stronger at depth as they angle in towards the 1st site.
Can anyone furnish a quick comparison with Largo (production volume, operating cost/tonne, jurisdiction, assets, etc)? I understand that Largo is valued much more highly by the market and would like to understand if there's a fundamental reason or just market inefficiency.
Juxta, depends entirely on how close to the perceived "fair" value the bid is. If it is clearly a low ball offer, then that will not deter competing bids in the slightest. If however, it is close to fair value, then perhaps your point holds true, as it essentially forces the competing bid above the fair value that other companies might be willing to pay. Of course, "fair" value is distinctly subjective and the Majors will have differing takes on it.
Smeister, quite apart from you being very rude, which is something I have come to expect on here, wtf are you on about?
I know that IES are not fully integrated and neither are BNM. The two together however...it's a simple concept. What a massive tool you are.
Schlem, it seems like you have a 6 month timeline, or some such, given how you keep going on about how urgent it is for this to come good for you.
The vast majority of experts advise that if you're not willing to stay in the market for 5-10 years, don't go anywhere near it! I think that you're being extremely unrealistic with your timelines and expectations/demands for SOLG to satisfy them.
Benefit of hindsight of course, but I bet FM wishes he had put more into REDT! I thought it was BNM's vision to become fully vertically integrated - i.e. to do what IES are doing? Shame, as he missed a trick there. I realise that BNM was a little strapped for cash at the time, but still...you could imagine what the BMN share price would be doing if IES was fully under the BMN umbrella.
Ref the royalty - there is a clause that allows a potential buyer to reduce it by half immediately by paying it back at 12% annual interest equivalent (or some such). So, currently the buyer could reduce the NSR to 0.5% from 1% or to 0.75% from 1.5%, if SOLG takes the extra $50m, which let's face it, is likely!
Hmmm, I didn't realise Quady's burger shack was so exclusive! I'll have to have a look in one's wine cellar and see if I've got a bottle of that left - 1964 bottle of eau de grape you say...bought a case of 1965 10 years ago but may have polished them off. One loses track.
Zoros, the only item on your list that you need to worry about is the last, and you'd best pray it's Humongous! And GGP will have 30%, not 40%, of Hav, after the earn-in, with the broker valuation of the mine being it's value when it's fully producing I would imagine. Then you say GGP are fully financed. They are not - I have pasted in the relevant part of the RNS at the bottom. GGP are financed only as far as the FS, at which point they will be endebted to NCM to the tune of $50m and will be duly bent over and have their remaining 30% share spanked out of them for 10p per share!
GDXJ rebalance
Possibility of joining the GDX
Scally results.
NCM interims
MMRE
"The Havieron Loan Agreement secures funding for Greatland (approximately US$50m), which, together with Newcrest's existing sole funding commitments under the Farm-in Agreement, is expected to fund Greatland's share of joint venture costs (based on current forecasts) up to the completion of Feasibility Study"
zoros, I don't waste too much time on what might have beens. Anyone who has an ounce of experience will have a number of multibaggers that got away from them stories. I wouldn't have held past 10p anyway, so you have to adjust profit down for that. There's always another bus along soon.