Member Info for Quady

The problem Scotkio is that you have people on here attacking people when they are the ones sprouting rubbish, then saying this forum has gone to pot.

It starts to improve when slug is removed.

But then we get needalife dominating.

No one wants to speculate on what the company is stating.

They just keep on sprouting the rubbish that the company is lying and that we will be sold.

So they wipe out debate.

We have some real pieces of work here.

One person threatening to sue me for something I never said.

One person asking someone else to prove their shareholding.

Insults chucked at people who listen to the company and w

I would agree Buffet_Protege.

However we don't require the full amount to take us to block cave.

Also I suspect that the rest of the finance is coming mostly from bonds and loans, which protects income and avoids further dilution.

Early open pit enabling this.

So needalife prove you are not a Moron.

Show your calculation for a solar farm with battery storage required to generate 2 gigawatts a year.

I know you won't because you are a Moron.

Good morning Eloro.

Quite right, he should put up his figures.

He can't because like slug he doesn't know what he is talking about.

Also what makes him a Moron is that Solgold themselves have said that Solgold funded Solar is in the mix.

My argument is go the whole hog, as storage costs are far lower than I ever imagined were possible.

The world is changing at a truly rapid rate.

Where will it end.

I feel the answer is it won't, and technology won't just become even cheaper, but it will change with new ideas replacing existing technology.

Meant to say between ten and twenty five million dollars for all our electricity needs for over 30 years, plus we can export the excess.

So to demonstrate accurately how big a Moron Needalife really is I have prepared a little calculation based on the Morons figures.

This is just fun as he doesn't know how much power Cascabel would require at any stage.

So let's go with 2 gigawatts a year.

That would be 6 megawatts a day.

Now lets say Ecuador is a little bit sunny.

So 6 hours generation a day.

So we would require 6 Megawatts of storage as an absolute minimum.

10 dollars a kilowatt is 10,000 dollars a Megawatt.

So 6 Megawatts of storage is 60,000 dollars.

So why don't we have ten times what we need at 600,000 dollars gives us ten times the battery storage we require.

Now that is the hard part done.

Latest solar panels that generate 27% power and last over 30 years are required.

We need 1 megawatts worth to generate 6 Megawatts over a six hour period.

So the latest panels on the way are 1kw each, thus requiring 1,000 panels.

So let's double that and make it 2,000 panels.

Not sure of the costs on that as price not released yet.

Lastly we need AC electrics not DC so depending on the immediate usage we require inline inverters.

Again as we don't know immediate usage I won't calculate.

However I believe with clearance costs and transportation and construction costs we could have this type of power generation for under 25 ten million dollars.

For 30 years plus of free electricity.

That's ten times the electricity that is required under needalife calculation.

Needalife it's you that is the complete Moron.

You haven't read the article have you.

You are Moran, where I am a qualified electrical and electronics engineer.

2 gigawatts could easily be assembled in under a year for the fraction of a cost.

I don't know how much energy would be required to run Cascabel.

But if any complete Moron like yourself read the article it's on about running the entire UK on batteries.

I am pretty sure Cascabel won't use more than is feasibly possible to build.

I would like to seed some food for thought.

What about if I said Cascabel could be powered by solar and battery.

Yes it can be done with little chance of disruption to supply.

The battery part is key.

Ten years ago the battery cost was 1,000 dollar's a kilowatt.

Today it's about to fall to 10 dollars a kilowatt.

We are talking about getting to production quicker, if this route is looked at and cutting our power costs significantly.

Please have a read.

The article is about UK power.

But read it carefully and you will see what I mean.

You can start small for the power required for our open pit and scale up to a full block cave operation.

Now we may require top ups to the battery now and again during winter, but it would only be now and again, and technology would be advancing on what it is today.

https://www.techradar.com/pro/uk-energy-system-is-screwed-says-octopus-energy-ceo

Interesting story, we are going to have a glut of oil and a major shortage of copper, as less oil wanted and copper in short supply.

This is the changing world we live in and is happening at just the right time for us.

Maybe Slug is absent because the police have finally caught up with him.

Project execution and development

Break ground: Aim to break ground at Cascabel in 2025, followed by a feasibility study completion in mid-2026.

Complete early works: Finish key enabling activities, including relocating the Santa Cecilia community, and start initial work on the Alpala portal and decline system to gain underground access by late 2027.

Accelerate production: The optimized plan aims to begin processing ore by the fourth quarter of 2028.

Continue drilling: Maintain diamond drilling at the Tandayama-Ameríca deposit to establish resources and improve grades.

Corporate and financial strategy

Spin-off vehicle: Create and launch ExploreCo, a stand-alone company for its southern Ecuador concessions like Porvenir.

Stock exchange presence: Consider a secondary listing on the Australian Stock Exchange (ASX) to complement its London listing.

Secure project finance: Secure funding for the Cascabel project through a combination of ongoing talks with project finance banks, potential New York bond market offerings, and an existing Franco-Nevada facility.

Focus on shareholder value: Prioritize minimizing shareholder dilution when raising capital.

Other developments

Corporate domicile: Shifted its corporate domicile to Switzerland.

Investor relations: Continue to educate investors on the company's value, as it believes its stock is undervalued compared to peers based on metrics like reserves and PNAV.

BBG you are truly crazy, you are making stuff up.

No one within Solgold is conspiring against pi's.

It's complete rubbish.

Try looking at the evidence and what Solgold say.

We are heading to construction, we will be starting construction in early 2026.

This is looking good.

Thank you smickster I would say your information is accurate.

I just updated an AI request and was more specific and it concurs with the information you have supplied.

Found this.

Samuel Holdings sold its remaining stake in SolGold in the first half of 2022. The sale was part of a broader exit by related parties, including DGR Global.

Context of the sale

Initial holdings: At one point, Samuel Holdings was a significant shareholder in SolGold. In 2018, it held a 4.68% stake.

Morning addicknt, doesn't Nick Mather have something to do with Tenstar.

They are also showing up on the register.

I will try looking into Samuel holdings.

The latest information I can find is Nick Mather at 2.8%

Samuel holdings don't have a holding currently.

The information is on the Solgold website under major holdings and is in the form of a download which is dated April this year.

I suspect if anything had changed since it would have been updated.

Also did a far reaching AI request for all Solgold shares held by Samuel holdings.

I found nothing.

So BBG think what you have just said.

You say permitting is not priced in.

Then that means the market doesn't expect Solgold to be successful in getting the permitting.

That's ridiculous.

BBG just stop and think about what you are saying and why you are wrong.

Yes final permits would be good.

But nobody is in any doubt that it will be achieved.

We all have different ideas on the time scale and when it's achieved, we may get a small rise.

However because we know we are getting the permitting it's already priced in.

What I hope will get the share price moving is the start of construction.

This would be unequivocal.

It would give us a timeline and timescale to production and revenue streams, which will give us a measurable NAV, which will make the share price move significantly.

Rodney why are you including the resource in the NAV calculation.

That's used in the NPV calculation.

Canaccord shares is meant to say Solgold shares.