50p + highly likely23 Oct 2019 14:20
I agree with the 50p + range. Of course, the RNS will not mean anything unless you are aware of rock sampling and the significance of it. The RNS is in simple words indicating that we are on a site where the chance of intercepting high levels of resource are high. Reading the rock chip mineralisation section, this is probably the most important bit showing the grades of copper (CU) and gold (AU) which look very promising . Seeing minor/major signs of valuable minerals closer to the surface is an indicator that beneath will be higher grade minerals resulting in much more extraction and production. The magnetics provide strong signs of additional zones indicating a potential for higher yield. Bottom line – direction is changing – growth is coming – production will increase – buying in at the rock bottom price means higher return. Judging by the decent buys today this must be a shared view. SOLG take it away and show us the profit.