Member Info for Padmaster

If you're right lostagain, the share price should increase dramatically.
GLA.

Thanks to sol1 on hotcopper. Stated within NM's LinkedIn profile.

The figures being touted are getting astronomical.

The company has a major world class tier one discovery at the Cascabel project in North Ecuador which promises to deliver up to 40,000,000 ounces of gold and 60 million tons of copper at relatively high copper and gold grades.

https://www.linkedin.com/in/nicholas-mather-1040a198/?originalSubdomain=au

Update to MRE in Nov/Dec followed by PEA in January. Not long to wait now for a further multi-bag re-rate (IMHO). Never minding what BHP do in the meantime.

"SolGold will follow up the second mineral resource update with a maiden preliminary economic assessment in January, followed by detailed feasibility studies in the resource evaluation, mine planning, process design and plant design, capital and operating cost estimates, environmental and community engagement in 2019."

GLA

Malcolm Norris didn't stay long at Solomon Gold but he, along with geologist Bruce Rohrlach played a great part in finding the Cascabel opportunity and deserves credit and thanks.

https://youtu.be/1vOHfNbjWIY

Solg share chart explanation with 55/60p target - after 4 mins 34 seconds.

https://youtu.be/a-AV3x7-eWo

Article published today.

Mather - "We can build Cascabel ourselves".

https://www.mining-journal.com/project-finance/news/1347601/mather-we-can-build-cascabel-ourselves

https://youtu.be/kNfJ_4CGsRM

Solg results on video.

25m of au. 50m tonnes cu.

I make that around £250 billion metal value.

"Watch out for HOLE 64 (assays pending). New high grade core discovered in a wide step out (NW-Trivino area), reaching depth of over 2000m now. Could grow this copper-gold discovery in a monster (Grasberg/Pebble size min. 25m oz/au, 50mt/cu)"

Looks like funding will not be a problem and is in hand. Note reference to the "fiscal arrangements with the (Ecuadorian)government".

N M "We are working on a conditional total funding package which involves agreement of the funding
parameters  with  financiers  and  off‐takers  now,  at  pre‐arranged  prices  related  to  the  NPV  rather  than  the  share  price  and conditional  only  on  the  delivery  of  firstly,  a  feasibility  study,  secondly,  appropriate  permits,  and  thirdly,  the  necessary  fiscal arrangements  with  the  Ecuadorian  Government."

Drilling on its way at 5 of the 10 priority targets.

Jason Ward - "In our  first year we have identified  ten high priority targets and already we have identified drill targets at five of these and applied for permits."

Biggest discovery ever? Watch this space.

Rinse and repeat strategy from profits confirmed.

"Operation - maximise value by returning a portion of profits to develop a pipeline of projects to form a unique portfolio".

Looks like we can conclude the windfall tax is now dead and buried.

"A major milestone was achieved  this year with  the  removal  of  the windfall  tax."

Numerous other untested targets remain, namely at Trivinio, Moran, Cristal, Tandayama-America and Chinambicito, some of which will also be drilled by the end of the calendar year 2018.

NM March 2017:-
"Alpala alone is emerging as a tier 1 copper project with higher than average grades in both copper and gold, and the project will enjoy the support of a coterie of pretty sisters in the surrounding targets”.

“Blind Freddy can tell you it’s going to be a big one” NM ahead of the Maiden MRE

You're right miketrix, very significant indeed. This is turning out to be not only a tier-1 Alpala discovery, but a whole multi tier-1 interconnected Cascabel mining district, which is heading towards becoming one of the biggest copper gold discoveries ever. IMHO

NM "£644 million market cap is terrifyingly small"

NM "we have the potential ultimately to define around 20% of the world's copper resources".

BHP now rated a strong buy. $10.8 billion coming from sale of American assets.
Mention in article of the purchase of Solg shares.

https://xnewspress.com/2018/09/26/bhp-billiton-bhp-upgraded-to-strong-buy-by-zacks-investment-research.html