Member Info for Pbow

They need to sort their copper smelting capacity first. They only have capacity for like half of domestic production.

Not saying Freemont wont be interested by the way - just no confirmed interest. Personally im fully of the opinion Cascabel will be bought by Jiangxi with China Rail (specifically CRCC - dont think CREC are allowed to operate in Ecuador).

Awax it was Jack which means its a fantasy.

I think you are wrong there PS. I think its quite likely solgold will start the Decline themselves. I highly doubt they will get into production though.

You incidentally would find today's news about Dorenell wind farm. It supplies electricity under a CFD so not re.motely linked to marginal pricing. Was paid £227 a MWH last year. Gas on the other hand (which is inflated due to not investing in efficient plants) averaged 77 quid a MWH. Renewables driving the cost of electricity up yet again.

Jack you really need to see a doctor.

Also what the hell has it got to do with BHP? They are just a shareholder and not the largest.

Jack try and use your brain for once.

The PFS said additional infill drilling was required. Both to move resources to Measured and Indicated. It also said it needed to prove up TAM to make the two TSFs located on site viable. Since the PFS they have done no drilling at TAM until this recent campaign started. The Franco money includes a CP for the TSF to be designed for a 10 year life. To do that they need to complete the drilling at TAM. Then they have to design it and price it. As I say my guess is they will use both TSF options on site but thats just a guess.

The TSF is linked to TAM. I appreciate you only work off the latest wet dreams you have Jack but if you read the PFS you will quickly see the DFS is now very much linked to TAM given the TSF is no longer in the coastal plains location.

Anyone managed to get the research note from canaccord? Im finding it a bit frustrating lol. On research tree they have canaccord research notes (one released on GGP today) but they aren't showing the solgold one.

It doesnt give a number for the amount of additional drilling required in the PFS - it just allocated a budget of 5 million USD. They need to complete this drilling campaign. Any additional holes to expand the resource aren't required.

Jack you are being stupid again..... they haven't done 3000m of additional drilling yet.

They have to incorporate TAM in the DFS which will require the infill drilling to be completed to convert resources to Measured and Indicated - in the PFS it had no measured at all. It also will require Metallurgical testwork along with Geotechnical & hydrological studies.

They also need to update the CAPEX for the TSF - my guess is they will have two TFS with the updated plans.

My guess is we will get the DFS at the end of the year / maybe the first quarter of next year.

Why would the locals be a negative? Seems to be one of the most positive aspects about Cascabel that they are broadly supportive (same with Porvenir if you read the public consultation - some minor reservations expressed and the rest overwhelmingly positive). Power remains an issue till they fix it. I dont think we will be shareholders come the next election unless something happens to Noboa.

Smickster given I will be working in KSA soon spliffs might be detrimental to my head being attached to my body.

Whats there to be negative about today? Its doing very well. That doesnt detract from Jack being a nut job.

He may well be - but he clearly has mental issues, and was certainly noted by the previous board as a complete nuisance which is why they stopped talking to PIs directly. He adds nothing but wild conspiracy theories.

smoking **** with him too dbw? have fun.

You are a complete muppet - you are however amusing.

Jack you have been telling us for months BHP have agreed to buy us. Try and stay off the wacky backy lad.

its a by product so they wont leave it. i just did a back of *** packet calc and its worth a bit more than 2.6 billion at current prices.

Im reading an academic paper on mining in Ecuador anyway this caught my attention.

"The discoveries of high-grade metal deposits have proven Ecuador's significant mining potential and its potential for profitable exploitation. The mining sector is expected to grow by 4% of GDP by 2021. This will allow for increased production and diversify the use of other metals, avoiding a focus on gold production alone, as has been the case in recent years. This can be verified by the country's existing projects: five strategic projects and six second-generation projects. Among these, the Cascabel project of SolGold PLC, the Alpala mineral deposit, stands out. According to 2019 data, it is expected to become the largest underground silver mine, the third largest gold mine, and the sixth largest copper mine in the world"

If the bit about silver is even remotely close to being true how can this statement in the PFS be accurate? " The Project’s NPV8 is least sensitive to changes in silver price and grade."

Prob 2 weeks ish but it depends how long the visa takes. Got to go to Liverpool for the medical on Tuesday, then need to get that attested, do the biometrics and then wait for the visa to be stamped - im hoping its delayed so I can go the Derby match. :-)