Member Info for Pbow

Interesting theory from the local community that the revocation of the Loma Larga license is all a ruse by the government lol.

https://www.ecuavisa.com/noticias/ecuador/indigenas-activistas-critican-revocatoria-licencia-ambiental-proyecto-minero-loma-larga-azuay-HH10246098

Jack you also admitted a couple of weeks ago that Dan had blocked you.

You also said that SC had told youwhat 2 years ago that permitting would be expedited.... didnt happen did it?

Https://www.eluniverso.com/noticias/economia/mineria-apunta-a-la-asamblea-constituyente-como-escenario-para-redefinir-reglas-de-la-industria-nota/

So Jack telling us multiple times that we will have advanced permitting soon.... above is what the chamber of mining is campaigning for. So if the vote goes as they want in the upcoming referendum looking at 2 years before the constitution is updated to allow expedited permitting. This will of course help Solgold for future concessions but not really for Cascabel (at least I hope so as we should be pretty much done with permitting then).

Note that a member of Solgolds board of Directors was present / spoke at the forum.

I love positive rhetoric. What I dont like is absolute nonsense that is based on your wet dreams.

*CIPA - could be soon though I doubt it.

* Expediting permitting is now proven to be a disaster - with Loma Larga.

* Completion of the EIA.... they need to submit it first.

* Sale of explorco to DPM as previously mentioned is up there as the stupidest comment you have come out with. A company invests 10s of millions and loses it - presumably takes the government to arbitration (as confirmed by Noboa) and you think they will invest more money in Ecuador. This fantasy land you live in is very odd

Jack you are funny.

You really think DPM are going to be interested in Porvenir after whats happened at Loma Larga.... amongst you main ridiculous claims thats up there fella. Also Porvenir doesnt have the license that Loma Larga have had cancelled.

Also I terms of expedited permits Ill note that part of the reason Loma Larga has failed is they tried to pull a fast one with permitting. I think its safe to say this would not be a good idea.

This one isnt from the bot 😉

https://www.telegraph.co.uk/business/2025/10/03/london-loses-grip-on-mining-as-memories-of-empire-fade/

Somewhat relevant though

Just got back from the pub Jack. Good to see you re still clueless.

Actually my math was wrong 🙃 marginally more gold value than copper.

As per Solgold LinkedIn 15 ish mins ago at current spot prices. 32.5 billion USD - copper, 36.3 billion gold.

So knock off 1.5% of copper and 11.5% of gold and still more of a copper play but getting close now.

Fort the update for DPM was clearly rushed out to try and get updated figures out showing what was at stake for the Ecuadorian Government.

"Social benefits

According to Ecuadorian law, 50% of the benefits of the project remain in-country, through taxes, royalties and duties. The Company’s intention is to develop Loma Larga in accordance with Ecuadorian and international best standards, with a focus on maximizing benefits for local communities and stakeholders while delivering the best value for shareholders.

DPM intends to utilize local suppliers to the extent possible, and, as it does in all of its operations globally, maximize the proportion of local workforce employed at the operation."

In terms of managing shareholders expectations.... given they are seemingly about to lose their license thats also clearly important.

They do have a sensitivity analysis in there though.

Fort the cost increased because they added in an additonal diesel generator plant - that must account for a good chunk of the extra cost - havent read it properly.

Anyway night :-)

Rodney and Fort if you read your posts in conjunction you will see that signing the CIPA now doesnt massively help Noboa. It brings forward Alpala but doesnt really impact on TAM.

As I say Rodney I can see pros and cons for Ecuador. It depends which Noboa thinks suits him best.

Ill note the Canadian FTA is on hold at the moment (whether thats been done by Canada or Ecuador isnt clear - but its the same type of conversation).

Fort if the Consulta y Participación Ambiental (CPA) doesnt happen in the first half of next year I dont see how the heck their presentation is correct showing the tailings and processing plant beginning construction at the start of q2 2027. Its a relatively early part of the license application process as I understand it.

No one really knows when the CIPA will be executed. Its not in the companies hands at all.

There are certainly positive reasons why the government would want to do it "quickly" (its been well over a year so that word I use losely). There are also reasons why they wouldnt. It depends at the end of the day what the government thinks is in its best interests.

Rodney the CIPA shorthanded by solgold is the one in 9.18 of the Franco deal and the one referenced in the RNS dated 6th March 2024.

Based on the PFS the portal and decline works detailed in the recent presentation starting now till end of 2027 should be in the order of 410 USD so a pretty penny - or should that be cent?

Fort I was being simplistic in focusing on cash. But thats the key bit for me. As it stands we dont have any cash (thats not linked to Cascabel - or rather we wouldnt want it to be) and would need to raise it to do drilling on the southern concessions. It surely is better to get a cornerstone investor(s) for southco to invest on that rather than the whole company.

Exploreco makes perfect sense - either if we go to production or sell cascabel.

Set up exploreco get drilling on assets with someone else's money while Cascabel is being put up and running. Then if any of the drilling is successful we will have money to contribute to our share of development costs of exploreco assets.

If Cascabel / northco is sold then there is a potential second bite of the cherry with exploreco and there will be money to fund our share of the development.

Thinking about it maybe an updated MRE makes sense now. Probably dont have time to do a full blown PEA. So do an updated MRE to increase the resource and then on top do whatever else is required to get the OK from the government to start mining.

Based on the PFS i would say no Fort. Though with the expansion maybe im wrong.