Member Info for Quady

Redknight, I don't get you, you have just posted a video stating why Gold and Silver will go up, and by some significant margin, where you and I argued on a dividend for Solgold in the future where your figures were based on the PEA arguing at 1300 dollars an ounce, to try to prove your point.
You cannot have it both ways.
As for Basel 3, banks will just not use gold, that is so obvious, and will continue to loan money on the capital tier ratio's as defined in Basel 3.
I think you just read things that justifies your point of view.
Gold may rise, but not to some of the levels that we discussed on this chatroom last year.
If you remember people were predicting 5,000 dollars an ounce by now, and 10,000 dollars an ounce by the end of this year.
People have been debating the crash of Fiat currency for decades, but it hasn't crashed due to regulation.

rcgl2, maybe their is another explanation.
Just maybe our major shareholders just wanted a cheaper option with faster returns.
CGP have gone silent with the direction adjusted, so less outlay for them, and less funding as we fund from output, in the early days.
Also by not taking the extra 50 million from Franco Nevada means we can still reduce them to 0.5% of NSR.
Now if we can raise the funds for the open cut, just maybe this all becomes self financing.
So let's see what the PFS says, and then see how much we have to raise.
If it's a couple of billion dollars, then Ingo is already half way.

Agreed OsoToro.

Colonel has anyone considered Tenstar's and DGRs communications with the BOD, we are always taking about BHP, NCM and CGP.

Sorry smickster, just autocorrect.

Good morning stickler, it's not a case of anyone breaking anyone, it is just Redknight accurately reporting a RNS.

Redknight your last post, says we are looking at financing options to go to production, that is also my view, and has been my view for some time. It's you that says we cannot finance this.
Good to see you moving closer to my position in the most likely outcome.

I am just waiting to see how the let's sell it brigade are going to twist this RNS, as evidence that a bid is imminent.

Yes Monte, but I only hold a few, going to be a good divi payer.

Redknight the apology was to LunchMoney.

Agreed the experts have the data, they will work out where the open cut takes place, and also think long term and make this pay for the block cave operation as well.

Try this

Extension drilling at Alpala Central "Western Lobe" continues to intersect shallow mineralization above the existing resource limits along the southwest margin of the deposit, in a large lobe of early diorite intrusion hosting high-grade mineralization (>1.5% CuEq) to within 450m of surface, approximately 250m closer to surface than previously modeled. Hole 60 intersected approximately 180m of copper sulphide mineralization (assay results pending).
Extension drilling at Alpala Northwest and Trivinio continues to extend the Alpala deposit. Hole 56 intersected a strongly altered fault zone returning 4m @ 172 g/t Au (QAQC re-assay of pulp, reject, and quarter core re-assay pending). Hole 56-D1 has so far intersected approximately 305m of copper sulphide mineralization (drilling continues). Hole 59R intersected approximately 570m of copper sulphide mineralization (assay results pending).
Aguiñaga drilling has confirmed near surface potential. Hole 6 has intersected a strongly mineralized early diorite intrusion, containing chalcopyrite, from 30m below surface (drilling continues). Hole 7 has so far intersected 67m of copper sulphide mineralization from 55m below surface (drilling continues).

Sorry read it wrong.

Also from 324 metres. the deeper stuff, is even more impressive .

In broad agreement LunchMoney, I was also disappointed in the PFS delay, but no point in being upset by it, just read why it was delayed and adjust your strategy so.

All the best.

I meant hole five.

I just went for the famous hole file, high grade copper and gold at 324 meters, I know there are more.

https://www.investegate.co.uk/solgold-plc/rns/further-high-grade-assay-results-hole-5-alpala/201402270814130763B/

Good afternoon LunchMoney, as I have said many times, everything on here is opinion.
However we do have some drill holes with gold within the first 100 metres.
Now wherever or not that is economic to mine, I couldn't say, some on here, maybe could offer an opinion.
However the fact that we are redesigning the mine, tells me it is.
Why would we take all this extra time to redesign, if it was not cheaper or faster.
The fact the company says it will be cheaper and faster, falls in with my way of thinking.
I think we all need to take a cold look at the company, and all come to our own decisions.
I am here for the long term, but will be happy to adjust my strategy, should events transpire, that I have not taken into consideration.

All the best.

Why do we need a major Zoros.
The problem on this chatroom is the let's sell it brigade, have lead the debate, and everyone assumes that the argument that they didn't like NM holds no water.

Maybe they didn't like the straight to block cave approach, and that they wouldn't get a return on their 13% investment.
A simple open cut, with a faster payback, may mean they are happier now, and they may well help with the fund raise.
If not, then a quicker and cheaper route to production, the funding should be easier and cheaper to acquire.

Good afternoon Zoros, hooray we agree. We have loads of gold and copper near surface, which we can mine early.
If you believe what the company are saying, then we can do this faster and quicker.
How much faster, and how much quicker, well we need to wait for the PFS.