Member Info for Quady

Mistermeister read both the RNS and the Solgold link.
What are you on about.

Addicknt, I admit the AGM may have escalated NM's departure, but not for the reasons you give.
It was widely known before the AGM, that the BOD was reshaping to put in block cave experience to bring Alpala to production.
The BOD has accelerated this .
NM is still there.

So this is pasted from DBW's recent post.

The May 2019 preliminary economic assessment looked at four underground block caving mine production scenarios from 40 million tonnes per year to 60Mtpy, each with a multi-decade mine life and a pre-production capital requirement estimated at $2.4-2.8 billion. It estimated average annual production for the first 25 years at 207,000t copper, 438,000 ounces gold and 1.4 million ounces silver in concentrate, with the LOM annual average estimated at 150,000t of copper, 245,000oz gold and 913,000oz silver.

Now this is the basis of Redknight's argument with me on dividends, if you want to read Redknights full post it was posted on 03 Mar 2021 17:58

The current estimated annual debt cost of $3 Billion is c £160 million at achievable borrowing rates on the North American market for a project like this.

So that would require 132,000 ounces of gold EVERY year (before costs) or 56 million pounds of copper ore, or.. 8.3 million ounces of silver just to cover that.

Not only are we mining 3 times that amount of gold from the PEA at lower gold prices. ( admit this is reduced by open pit, but not by 66% )
He uses the 3 billion figure to justify his arguments, and ignores the fact that we will get a PFS with increased gold prices, and lower construction and operating costs, and in a shorter timeframe.

Sorry if I wasn't clear SharketMare.
I believe we need to wait for the PFS and see what the costings and time scales are.
Only then will we have the questions your asking answered.
However I do believe we will get news that may give us some indications along the way.

Addicknt, maths is not in your mindset.
When we have votes at AGM's anything over 50 % is a win.
Therefore he won.
I don't need to sit in a boardroom to know that.
I would hate to see you read a set of accounts with a Math skillset like yours.

Then I suggest you go back to your class tucson, and stop bunking off, really with statements like that, you need your education.
Now off you trot and be good in class.

addicknt the PEA would apparently force a bid it didn't.
The end of BHP's standstill agreement would force a bid, it didn't.
The it will be all over by Christmas statement never materialized.
The a bid is imminent never happened.

I seem to understand this, I suggest it's you that doesn't get it.

addicknt I was a technical analyst, so I deal in reality.
Stop trying to mislead people.
Yes the AGM was a result for NM, as he won the vote.
You don't seem to understand that BHP and NCM lost, even with their large share holdings, and if they try to acquire Solgold on the cheap, they will lose again.
Solgold are running the show.

SharketMare, I may not be right, but if I am, it will be a lot lower than 3 billion, we need to see the PFS to understand what they have in mind. I have no idea what they need for the open cut, and I don't know if all the infrastructure is required, it could be a a couple of blokes with a pick and shovel, and a donkey to take it away, which would require zero investment, as we already have a donkey.
I suspect we need the infrastructure, but wasn't the high end cost in the block cave construction.
Remember not only cheaper, but also we added resource and a higher gold price.

Agreed DBW, but that's not what we have here.
What we have is a statement saying we are independently funding it.
I am sure as a business man you understand that.

Just for the record, I have always said production is the most likely path, I have never said it is a certainty.
However I look at the announcements and see that Solgold have been consistent.
I think you would agree that once we have the CFP, it's game over and our destiny is in our own hands.

addicknt , you are amazing, you are still misleading people, the company says exactly the opposite of your last post.
But you know what, people can read it for themselves.

SharketMare Solgold is owned by it's share holders and so yes BHP and NCM and others have a stake.
But independent does not mean JV, it means independent.
I think we are all beginning to see, that if the PFS comes in at a very low start up cost, then there is no need to give anything away, and we greatly prosper in the long run.
Why sell one of the greatest finds on the planet, if you don't need to, and why give away any percentage if you don't need to.

One last point addicknt, you say that independent financing is a red herring.
Surely if it was as you say, they would have left the word independent out of the statement and said that financing was being arranged.
The fact they said independent means independent.
But your confirmation bias means you don't see that.

Looks like the mining journal link posted by DBW just now, has shot your post down addicknt, you are wrong again, they are continuing to advance their main projects independently.
Now who do people believe have the expertise on this chatroom.
Is it the Solgold BOD or addicknt.

I know which one I am listening too.

addicknt you just cannot help yourself can you.
You give a little by agreeing with myself and Bozi on the regionals, but then you say that it is Solgold that is lying about an independent financing package.
You really have lost the plot.
This is a company announcement, followed up by the PDAC presentation.
You continue to mislead people on here, it is clear let me post it again.
This is Solgold speaking not me or Bozi.
All you need, is to be able to read, and look at what is says about the regionals, and Cascabel.
They are in two separate statements and thus are separate.

ADVANCING CASCABEL TOWARD DEVELOPMENT
• Additional data collection
• Phased scoping of optimal economics
• PFS publication by end of 2021
• Implementation of independent funding strategy
• Commence and progress DFS

APPLYING THE BLUEPRINT - CREATING VALUE THROUGH REGIONAL EXPLORATION
• Maiden Resource Estimate at Porvenir
• Extensive drilling programmes at priority projects
• Rationalisation of exploration portfolio through partnerships
• Continue social and environmental initiatives across all licenses
• Seeking strategic partners to advance exploration at grassroots projects

Jerry please read it for yourself, it is unambiguous.
I pasted it from the Solgold link provided by DBW, I will paste it again, and supply the link.
It is not my opinion, it is Solgolds.
There is a huge difference.

ADVANCING CASCABEL TOWARD DEVELOPMENT
• Additional data collection
• Phased scoping of optimal economics
• PFS publication by end of 2021
• Implementation of independent funding strategy
• Commence and progress DFS

APPLYING THE BLUEPRINT - CREATING VALUE THROUGH REGIONAL EXPLORATION
• Maiden Resource Estimate at Porvenir
• Extensive drilling programmes at priority projects
• Rationalisation of exploration portfolio through partnerships
• Continue social and environmental initiatives across all licenses
• Seeking strategic partners to advance exploration at grassroots projects

https://www.solgold.com.au/wp-content/uploads/2021/03/SolGold_Corporate_Investor_PDAC.pdf

Let me help you Jerry.
Solgold have made the statement, independent funding strategy.
That means it's Solgold's strategy.
If BHP or anyone else had announced that they had a independent funding strategy for Cascabel, then it would belong to them.
That really is one of the most desperate attempts to mislead, I have seen.
It is an independent funding strategy announced by Solgold.

Agreed Bozi, also another thing that doesn't quite sit well with me, is all these experienced investors seem desperate for money, none of them is relaxed about the situation.
It is almost like this investment will make or break them.

Hence all the insulting behaviour and googling which they cannot put into context.

I also would like to just highlight this part.
We all know that Porvenir is a major drilling target, but looks like a lot of effort going into Rio Amarillo as well.

REGIONAL EXPLORATION PROGRAMME
• 25,000m drilling programme at Porvenir
(the next Alpala)
• Up to 3,000m drilling programme at Blanca
• Initial 12,000m drilling programme at Rio Amarillo
• Initial 3,000m drilling programme at Sharug
• Initial 3,000m drilling programme at Cisne Loja
• Continued grassroots exploration programme
with potential strategic partnerships

Agreed Bozi.
It is amazing that so called experts on here conflate, misread, or mislead.
I also don't believe the story has changed, and yes by buying in too develop the regionals, it protects Alpala and as they say, are going to independently finance this.
It couldn't be any clearer.

All the best.