RE: Cascabel or SolGold?25 Sep 2018 10:04
I think Trivinio forms part of the wider Alpala project given the potential that both targets join... Perhaps Alpala phase 2 of development once we've got the high grade core out to boost NPV and get a quicker payback for initial development costs?
Aguinaga I dunno... they've been drilling away but not been flagging much or sharing much in the RNS - up to hole 11 are they now?
Note the 11 drill rigs turning at present at Cascabel not 12 anymore... potentially one has been hired out to Carnegie Ridge Resources that holds the Blanca Nieves tenement.... it's only 2.5km away and the Government has introduced an expedited drill permit for early exploration so maybe we're using that to get some early drill holes to get info required as part of the Total conditional funding package NM was talking about with relation to the Alpala deposit development. It would also give a serious sweetener if NM can release info about what is under ground, how deep, grades etc for Blanca Nieves as part of any negotiations with potential suitors...
In terms of value I came up with £1.27 SP if the updated MRE or MRE#2 as they called it, is near the 10m tonnes of copper and 25m oz of gold that NM says they are targeting using the $0.07 per lb of copper and $67.50 per oz of gold (from some googling about potential values of in ground gold projects) just for Cascabel - let alone other tenements or deposits in Cascabel.
I'd like to get the PEA done soon after the MRE as that will give some decent meat to the economical bones of what development will look like and cost. That will enable us to better cost and price the Capital advantages (water nearby, sealed roads, cheap power etc...) that NM has been talking about and referring to as being in the range of $3-4b....
All will come out in due course of course. DYOR and GLA
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