Member Info for Quady

My point is addicknt, I knew what you said was rubbish, but you and Redknight defended it as fact and insulted me.
So not irony, you and Redknight, not only show no idea of how to value this company, but you can't even do basic mathematics.

Well done Redknight, that's my point exactly, we can make estimations at some of those figures, but not others, that's why I asked you and addicknt to show the maths that we don't get a dividend till 2035, 2036.
That statement is rubbish.

I can state what we do know, and that is at PEA with gold at 1300 dollars an ounce, we have a payback of the mine in under 4 years. That was the figure for the Block cave operation.

When the PFS arrives with a cheaper and quicker build, and increased prices for Gold, Silver and Copper, and an increased resource, how on Earth does that mean we can't pay a dividend till 10 years after production.

Redknight let's have a serious discussion and use your figures just given, as a basis for discussion, I agree 1700 dollars an ounce is reasonable to use in a few years time, but we have the copper and silver and other metals, all prices increasing. Also we get a greater gold take in the early stages, so easier to see how we could achieve just short of a billion, minus costs, which are as you say, plus operational costs.
2035, 2036 before we pay a dividend is beyond silly.

Also worth noting how the PFS may push this faster and cheaper.

Told you excuses, I have done so many calculations at various stages and offered them up, no one, has said my calculations were out.

Tos1963 we have gold at 50 metres plus, I think that is why they are expanding the Alapla area.

Redknight the loan is for block cave, we have no idea of open cut, may be under a billion, before we are producing, that's my point, we need to wait for the PFS and CFP.
It is ridiculous thinking we will get a bid, remember addicknt said this will be all over by Christmas, once we were released from the standstill last October. It was rubbish then, and is rubbish now.

Redknight if addicknt puts up his calculations and notes, then I will happily check them, that's my skill, but both of you know it's rubbish, so really only expect excuses why he won't put up his calculation.

Redknight are you losing it.
If it's 3 billion, the loan will be staged and will not involve interest from day 1 , tell me a go for gold strategy would bring in revenues close to a billion a year minus costs.

Redknight we are selling the concentrate, also the open cut is going for rich surface grade gold.

To you as well addicknt, let's see your calculation why no dividend till 2036.
Of course you will weasel out by saying that we are not going to production, but that wasn't the question.
If Solgold take this to production, show the figures that say no dividend till 2036.

Sorry Tiger show me the maths that shows addicknt is correct, or are you showing your ignorance again.
Even addicknt knows he is wrong, he is just winding up this chatroom, with no proof.
Apart from taking against me, his posting is assertion only.

addicknt remind me what you do or did.
That post is rubbish.
If we have a payback in under 4 years at PEA, and at PFS we are going to build cheaper and quicker, that could easily bring it under 3 years.
Then with the PFS at higher copper and gold and silver prices, maybe closer to two years.
So how on Earth do you get to 2035, and yes we will debt carry and have a gearing ratio, so all exploration costs taken care of and no further dilution at that stage.

It's a good question E.T. I have no idea.

But we could start dividends straight away, as although payback is just over 4 years, we can renegotiate to have gearing set at 40%.
This is normal, and would allow for further exploration and an immediate dividend.
I also think this would be good in the terms of tax paid in Ecuador.
But all guess work, so to be taken as a pinch of salt.

Zoros none of us have any idea what a quick open cut to get us to production could achieve.
I was watching an IRR presentation this morning, and they have just released a lithium MRE1, and are talking about production in just over a year.
I understand that Alpala is more complicated and the water treatment slows up things, but imagine we announce that we can get an open cut leading to production in two years, that would mean 2024.
I don't believe that this scenario is likely, but in truth none of us know what the term cheaper and quicker means.

Well done Zoros, when you have a company statement and a broker note, and they differ, you believe the broker note.
Good grief, I don't think I need to add more.

addicknt as usual I go with the evidence.
So original date if we had PFS in this quarter was 2025.
I think you would agree that the delay to PFS has effectively kicked this a year down the road, so 2026.

Also we have had an RNS, saying we are still going for a block cave operation, but with an early open cut.
So production quicker and cheaper could be 2025 or 2026, but I have seen nothing saying 2027, or indeed as one person posted 2028.
Let's keep some reality here.

Zoros quick correction for you, production in 2026 not 2027, who knows maybe earlier.

Zoros, that link is ridiculous, I have seen presentations like this for the last ten years.
Gold and Silver is going to rocket, and the end of FIAT currencies.
It is all rubbish.
If you understood how FIAT currency works, you would say that borrowing is high, but they are asset backed and when we get defaults, their is a correction.

Thank you Iceberg for a well voiced opinion on Basel 3. I have no idea why people believe rubbish written about the effects of Basel 3 on the gold price.

Zoros the article is wrong, as Redknight says it doesn't have to be tier 1.
Do you understand capital lending ratio 1, and why Basel 2 was a disater.
You are reading part of it with no understanding.
When we went to Basel 2 in 2005, it meant that the capital that was held by banks, was cut by nearly 2/3rds.