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I would have thought the best way to handle this situation is to hold regular investor conference calls, with questions published up front, i'm sure its not too difficult for SOLGOLD to do this every now and again, they dont need a 3rd party to arrange it, it can be done via zoom or teams, or what ever VC application suits
Dmyant Sangha buying large amounts of cornerstone shares, this has just been filed on SEDI
https://ceo.ca/api/sedi/?symbol=CGP&amount=&transaction=&insider=
https://www.newswire.ca/news-releases/early-warning-news-release-for-dmyant-sangha-858082237.html
Looks like BHP may have got a bit of a beating from Twiggy
https://www.wyloometals.com/news/2021/wyloo-metals-and-noront-formalize-superior-offer/
I'm hoping that BHP miss out and move their attention to Solgold
mistermeister, Peter Holmes linkedin profiles suggests he is still at Solgold, states Director - Studies at SolGold Plc
I don't believe for one minute the PFS will be late because Solgold does not have enough knowledge of Block Caving, i can only see one scenario that the PFS will be delayed, that is because a standalone Alpala is not commercially viable, and will require TA to be included
If you re read the latest RNS Ship, the phrase is
"The Board recognises and acknowledges further technical expertise is desired, particularly in relation to underground block cave mining"
It does not say they do not have no technical expertise in block caving, it maybe that they have the expertise to produce the required PFS(which i assume they do), but if taken to construction, then they would require additional knowledge in block caving, just looking at the comments from a different point of view
Maybe BHP are fully engaged with the PFS...
"SolGold has invited, and BHP may provide, secondees for the technical effort for the completion of Feasibility Studies at SolGold's 85% owned Cascabel project in Northern Ecuador and regional exploration effort"
https://www.lse.co.uk/rns/SOLG/bhp-to-invest-a-further-us22m-in-solgold-up3j8gpnwrvjmkm.html
Did you not see this comment Q
"Our support for the Company has been rooted in the belief that the assets owned have promising value to all stakeholders"
It's the Assets Q, someone else might own them one day
This was posted on ceo.ca last week, Warren Irvin was asked a question about BHP making a move on Solgold soon?, this is his reply................
"@BDMinefinder @BreXhouse BHP is very active right now trying to scoop up projects. Dumb move to go after Noront, smart move if they go after Ivanhoe and SolGold. We will see what happens. I remember the previous CEO mentioned SolGold 4 times in a 20 minute presentation a few years back at a BMO mining conference. I doubt their interest has waned given their desire for large copper assets."
This is the link to Red Chris PFS, worth noting some of the values in the report, it makes Cascabel look Massive
https://tinyurl.com/hffv9jva
Newcrest Managing Director and Chief Executive Officer, Sandeep Biswas, said “The Red Chris Block Cave
Pre-Feasibility Study confirms Red Chris’s potential to be a long life, low cost mine capable of producing a total of
5.3Moz of gold and 1.7Mt of copper at very attractive cash margins. The study highlights the quality of the deposit
with a C$2.3 billion NPV and 17% IRR, but we believe captures only part of the longer term opportunity at Red Chris.”
Attractive investment returns:
o Estimated total capital expenditure of C$2.6 billion (US$2.1 billion)7 for the development of Macro
Blocks (MB)1, 2 and 3, as well as process plant and infrastructure
o Internal Rate of Return (IRR) of 17% (real, after tax)
o ~31 year mine life at an average annual mill throughput rate of 12.8Mtpa
o Payback of 3.2 years8
o Net Present Value (NPV) of C$2.3 billion (US$1.8 billion)
More news on BHP
https://www.ft.com/content/5d33dba8-89ee-4da6-aa0e-3b963f657a70
this is the link to the brokers notes
https://documentcloud.adobe.com/link/track?uri=urn%3Aaaid%3Ascds%3AUS%3A8a28e56f-7fd8-4fa1-b8c4-0927dc258c86#pageNum=1
I see Karl has tendered his resignation from DGR, wish him well for any new venture, or retirement
https://dgr.irmau.com/site/PDF/8aa04c77-3ddf-478c-812e-1ac108c16d6a/ResignationofCompanySecretaryCFO
https://www.youtube.com/watch?v=KLAPGTIDC_Q&ab_channel=MarcFriedrich
If you’re bored, I haven’t watched it all, but......Solgold Alpala deposit is listed in the "unapproved table" at about 17 minutes, he is also suggesting that the copper price will get to between $12000 and $15000
Have a read of this Q
11) Prepare to finance.
Preparing to finance and build your mining asset is usually a great catalyst for M&A
https://www.integraresources.com/site/assets/files/2612/the_white_paper_-_george_salamis_vuse_final.pdf
Conerstone still believe both companies will be taken out
"We think buying Cornerstone is a better way to invest in Cascabel because we trade at a significant discount to SolGold despite sharing the same underlying flagship asset, a gap we believe will close up when a major mining company acquires both companies, which we think is only a matter of time. Cascabel is the only copper gold project of its size and scale not already controlled by a major mining company, and sooner or later it will end up in the project pipeline of a major looking for copper to meet the coming demand for electric vehicles and a carbon neutral future for the planet"
http://www.goldtelegraph.com/cornerstone-capital-resources-continue-to-advance-portfolio-of-assets/
this is the link for the SP Angels broker note
https://www.uploadlibrary.com/SPAngel_JohnMeyer/ARC_Cheyeza_East_Drill_Discovery.pdf
Just to re emphasise why we are invested in Solgold, this article from bloomberg sums it all up, tick tock
https://www.bloomberg.com/graphics/2021-materials-silver-to-lithium-worth-big-money-in-clean-energy/
https://twitter.com/AsiametTweets/status/1440243888908759040