Member Info for Padmaster

BHP ready to seize virus driven opportunities.

https://www.afr.com/business-summit/bhp-ready-to-seize-virus-driven-opportunities-20200310-p548gm

I appreciate your input to this board earthling.
Thanks and keep up the good work
Regards
P

Here you are Zzzzzzoros. Next time DYOR.

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SOLG/14321470.html

Getting Alpala advanced towards development
The resource at the Alpala deposit boasts a high grade core which, in the event of the construction of a mine, is targeted to facilitate early cashflows and an accelerated payback of initial capital. SolGold is currently investigating development and financing options available to the company for the development of Cascabel on reaching feasibility.

The results of the PEA were published on 20 May 2019, highlighting the following key aspects:
Ø
Net Present Value ("NPV") estimates range from US$4.1Bn to US$4.5Bn (Real, post-tax, @ 8% discount rate, US$3.3/lb copper price, US$1,300/oz gold price and US$16/oz silver price) depending on production rate scenario.
Ø
Internal Rate of Return ("IRR") estimates range from 24.8% to 26.5% (Real, post-tax, US$3.3/lb copper price, US$1,300/oz gold price and US$16/oz silver price) depending on production rate scenario.
Ø
Pre-production Capex estimated at approx. US$2.4B to US$2.8B, and total Capex including life of mine sustaining Capex of US$10.1B to US$10.5B depending on production rate scenario.
Ø
Payback Period on initial start-up capital - Range from 3.5 to 3.8 years after commencement of production depending on production rate scenario.
Ø
Preferred Mining Method - Underground low-cost mass mining using Block Cave methods applied over several caves designed on two vertically extensive Lifts.

Yes Qali, Solg have stated Pre-production Capex estimated at approx. US$2.4B to US$2.8B,

Zzzzzoros troublemaking again. What’s your other infestonyms Zzzzzzoros?

Good points Qali.

Zzzzzzoros needs to look at the credentials of the recent non exec director appointment of Liam Twigger.

Liam Twigger is the Managing Director and Principal of PCF Capital Group, a licensed and independent investment banking and corporate advisory business based in Perth, Western Australia. Under Liam’s stewardship, PCF Capital Group has grown to become one of Australia’s leading resource sector corporate advisory firms. The firm has completed over 130 transactions for in excess of AUD3.5 billion in value, and is Australia’s leading advisor on mine sales.

I wonder why he was appointed?

Government map for mining to give more certainty to investors.

https://www.bnamericas.com/es/noticias/ecuador-prepara-medidas-para-dar-certeza-a-inversionistas-del-sector-

The Government of Ecuador is working to give more certainty to local miners and investors with new measures, such as the so-called Map for Mining Management Planning and the harmonization of sector laws and regulations.

The Vice Minister of Mines of Ecuador, Enrique Gallegos-Anda, told BNamericas that the map will identify mining concessions, protected areas and water areas.

“With this tool, we will know precisely about the non-renewable natural resources [miners] available to the country, as well as protected areas and water resources, so that private investors can identify the areas where they can do business and that activists do not manipulate with unreal data to try to stop extractive projects, ”said the authority.

Prepared by technicians from the Ministry of Energy and Non-Renewable Natural Resources, the Ministry of Environment and the Secretariat of Water, the map will include definitions that will guarantee the preservation of water sources and protected areas, but will also give certainty to companies with projects in Ecuador or with intentions to develop them that these concepts are not going to be manipulated.

Yes earthling, why on earth do some continue to post on here if they don’t believe in this share? There must be many hundreds of other shares they also don’t believe in. Why here and not all those others?
Or perhaps they have an agenda on here? Lol

Wright’s Coaltar, or Falcon Carbolic please earthling lol

Maybe NM will sell. Maybe that’s always been the plan but brinksmanship in play to bluff taking it to a working mine.

earthling

Did It state before, “ Solgold - an emerging copper gold major” ?

“Be greedy when others are fearful”

Fantastic opportunity to buy. LTH’s know what we’ve got and it hasn’t suddenly disappeared.
The price has changed on relatively low volumes. Solg share price can rise rapidly, quickly and we’ve seen this happen before.
Whatever the markets are doing at the moment, whatever Coronavirus scaremongering does, won’t change the massive amount of copper and gold in this rare, tier 1 discovery.
Sit tight and wait for the multi bag to come from either going to production or the likelier takeover by a major.
All IMHO, DYOR, GLA

Leon Coetzee - Jubilee Metals “We’re engaging with various zinc operators in the (Kabwe) area to bring in their third party material; mined material into our facility as well”

I’ve tried to identify zinc operators in the area but can’t find any apart from Galileo (Star Zinc). My conclusion is the “zinc operators” refers to Galileo.

This report, Zambia Extractive Industries Transparancy Report, though from 2016 shows the main extractive companies in Zambia. They mine copper, cobalt and gold. No mention of Zinc. See page 73.
Page 12 shows that 585 tonnes of zinc were produced in Zambia value $1.2 m I assume this relates to Sable Zinc at Kabwe acquired with the refinery by Jubilee from Glencore.

https://eiti.org/files/documents/zambia-eiti-report-2016.pdf

News must be imminent. GLA

Dear oh dear. I see the resident infestor returns with a new infestonym. Admin need to sort it out permanently. How long before the next ban?

https://www.adelaidenow.com.au/news/national/bhp-records-profit-surge-despite-coronavirus-fears/video/5d6e5e71e1ef03a57d30be427a5dc37d

BHP CEO Mike Henry interview. around 4 minutes 40 seconds in.
“I look to the far future and want to see us securing more options in future facing commodities. These are commodities like copper .......”

Solg share news red dot lit but can’t see what it is - though maybe it’s on the premium service?

To while away the time have a look at this which is the most boring Solgold video I’ve ever seen.

https://m.youtube.com/watch?v=kFXKHtjhJx4

Where’s the rumour from that a BHP announcement is expected tonight?

BOOM

Thanks Sheffield

Fraid I can’t get past the paywall but I think someone, maybe mog, knows a simple way to prevent the paywall popping up.

Our destiny will soon be known. GLA

Peter Ker and AFR seem to be in the know!

https://www.afr.com/companies/mining/cashed-up-bhp-s-coronavirus-caution-20200218-p541qr

"SolGold is expected to announce a major fundraising initiative within weeks and has been looking beyond its two biggest shareholders, BHP and Newcrest …."