Member Info for Pbow

Stack I assume he is using google translate. Because her name ends in O google translate will default to calling her masculine. If it ended in an e then it would most likely use the feminine. Its one of the many issues with google translate - though it is getting much better.

agree with that add except its a she not a he ;-)

also if han**** prospecting pty are pushing back thats a good example of a big company saying hell no.

Https://www.bnamericas.com/es/noticias/ministra-de-ecuador-justifica-tasa-de-fiscalizacion-minera-y-lanza-advertencia-a-concesionarias

Https://discoveryalert.com.au/news/chile-mining-license-reform-2025-changes/

I can believe that RK

Good to see you are a nutter still Jack.

So one of our major shareholders would accept less than 150p.... not really sure on the relevance of our former CEO being involved in cluster f*cks though it may explain why we are where we are.

Remind ne how much our 9th biggest shareholder said he would accept Jack.... it was a lot lot less than 150p.

Its NPV is 2.2 billion v 3.2 billion. If you say its valued on NPV then it would be 19% of 3.2 billion. Porvenir should have some value but would be less than 19%. The other concessions dont really have value in my opinion until the tax is sorted.

And yet Rodney a very comparable mine in Ecuador sold this year and clearly wasn't valued on NAV.

There is a clear difference between inventing new technology and something that happens regularly all of a sudden doing something completely unprecedented.

If something is unprecedented it usually remains that way. Who knows what BHP and Newmont will do. It seems pretty clear Newmont have lost interest given they didnt bother voting at the last AGM.

RK im not saying that the company couldnt go for a big price. Im just saying it isnt happening in the coming weeks or months. It would also likely be dependent on a bidding war breaking out as was the case with Noront. There is no way on the planet that BHP is going to offer 4.5 billion at this stage as a friendly bid - they arent a charity.

Ive asked multiple times Rodney. Show me the largest premium ever paid for a share in history based on its existing share price or average over previous 30 days for a publicly listed company. You wont be able to get one thats over 100% I bet never mind in the 1,000's.

As a reminder - here is a mining company in Ecuador bought by the Chinese, this year. Project at a similar level of development.

"The Chinese-backed company will pay C$1.27 a Lumina share, representing a 71% premium to the company’s 20-day volume weighted average and a 41% premium to the April 17 closing price. The transaction, to be completed via a court-approved plan of arrangement, has the backing of shareholders holding 52.3% of Lumina’s stock."

Its NPV at PFS stage - with similar rates for minerals as Cascabel was $2.2 billion so it went for C$581-million. being 425m USD being 19% of NPV. For comparison that would put Cascabel at 608 million so 21 pence ish on comparable NPV basis, 12 p ish on a share price basis.

Https://www.primicias.ec/economia/agencia-regulacion-control-minero-arcom-presupuesto-corrupcion-tasa-99973/

Medi111 what do you think the reaction of BHPs shareholders would be if they discovered the board had agreed a friendly takeover with Solgold for 4.5 billion pounds.... keeping in mind that the current market capitalisation is 210 million pounds...... the concept is beyond stupid.

Its been pointed out to me that the May corporate presentation states that initial results from TAM drilling will be in July and therefore not online with the RNS and what ive been saying. Apologies for missing that and getting it wrong.

Https://lexlatin.com/reportajes/mineria-ecuador-boom-desafios-sectores

As per the company website Cascabel - Tenement Area 50km2 that's 5000 hectares - exploitation stage

Given we have a lot more holdings than the ones ive listed it is about 10 times that amount.

I just did one of the holdings (Coangos) and its $3,583,750.00 USD

The sums I did the other week are right as thats basically what I came to.

Cascabel is $2350000.00 USD

Porvenir is $1339500.00 USD