Member Info for schlemiel

Q - yes, the first 100k is sat at 39.50p then 39.60 and above up to 40.4p with the 5*250k sat at 44p-45p and above...a massive barrier to price progression....

https://twitter.com/TraderPamplona

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This guy knows his stuff..a great debate taking place now about the value of CGP and SOLG and who will take-over who, when and at what price....

'Assuming 90% Cu recovery and 70% Au Recovery, NSR value of H/G core roughly US$67 per tonne vs max site cost US$25 per tonne. 40Mtpa = US$1.6Bln+ operating margin p.a. for 10 yrs.'..I think that's a net profit guesstimate/per annum

Yes, I do hope his presentation contains something fresh or maybe some fresh pointers as to what we can expect down the line, so to speak

looking a tad better now fellas -

358k v 2.56m

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there's little point trying to constantly update the touch as it changes constantly.

When the price-cappers remove, or indeed have it removed, their weight from the sell side then that should be very instructive

DMA buy order - 100k at 37.20p - nice

https://www.weare121.com/121mininginvestment-london/agenda-day-1/

Our CEO, Nick Mather, is presenting at 121 Mining Investment in London at 10.10am GMT today @Investinmining #SolGold #SOLG $SOLG #Ecuador #LSE #TSX

I don't know who's responsible for stacking weight on the sell side (albeit away from touch) but I find them, I'm gonna take them into my cellar , tie them up and leave them there, forever.. :)...ahahahahaha

3 v 2 (5k v 8k)

depth

230k v 2.6m

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Same old L2 - this news is probably priced in but then what do I know.....resource companies like this need a big fat offer to extract that deeply embedded value

BHP were aware of these figures when they signed off on the recent 100m share placement so if BHP's happy with the method of calculating this MRE update then so am I.

There's more to come here so this is merely the beginning of a journey of resource expansion and more discoveries

seen such a confident and uber-bullish update such as this before.

I do very much like the Tier-1 confirmation. That's vital imho. More excitingly, there's more to go for so the Tier-1 status will become increasingly emboldened from ever more drilling

well done all but knowing SOLG the price will probably fall!

S9 - Whoever takes FOG's 30% will surely find ways of paying under the market value for it. PoQ will have to find a way of ensuring this doesn't happen but FOG is a price-taker as a consequence of its size. I wonder if any offer would be determined by arbitration or recourse to the courts? Let's face it, FOG is in no position to finance any form of capex relating to the development and exploitation of what we find at our tenement(s)....

I suppose we could sell the entire lot or sell a large stake and retain a small %

the commercial value is...god knows but far in excess of the current market cap..

https://www.bloomberg.com/news/articles/2018-11-19/winning-teck-s-copper-mine-prize-may-come-down-to-more-than-cash

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Follow events at Quebrada Blanca in Chile...very interesting....

http://antipaminerals.com.au/wp-content/uploads/2018/11/2018-11-19.pdf

He drew parallels between the Paterson Range and Ecuador, where a big copper discovery by junior explorer SolGold has drawn heavyweights such as BHP,
Newcrest Mining and Fortescue Metals Group into the country.
“If you believe the rumours, it’s been very successful for Rio. It’s a potentially prolific copper district and I would have thought the Paterson and Ecuador are probably the two hottest places in the world for copper exploration right now,” Mr Robinson said.

cont.....

tg - thanks for that. You've just me off food, for life

I haven't mate, sorry.

SOLG do reference Schodde frequently on many of their reports and presentations so he's worth following

Why would NM use the word 'cheap'? And why make reference to SOLG the listed company and not SOLG's individual assets? There's an inference of an offer to come contained within that throwaway comment. Since we have zero income, 'cheap' wouldn't refer to the PER as we have no earnings at present so cheap must refer to the NAV of SOLG and or whatever method the majors use these days to determine value of a target asset or company

I believe BHP have a figure in mind for a SOLG take out price and the net-asset value of the company at present is not reflected in our market capitalisation

We need that PEA or the MRE3 to attach some real, commercial value to Alpala-Cascabel. And secure those drilling permits for the other priority targets (the securing of these permits will alone increase the value of those assets)....the value is upwards not downwards though it's all subjective and 'we pays our money and we takes our choice'...he says in his finest Hobbit voice

'Big picture exploration economics guru Richard Schodde'....

https://www.miningnews.net/discovery/news/1254451/exploration-budgets-rising

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I'm keeping an eye of what Schodde says about Alpala-Cascabel - it seems this fella's a bit of mining guru and does hold some sway...a bit like Garwin in that respect...who's the daddy though?

Gurus like Schodde can impact investor sentiment regarding the economic viability and potential of a discovery

SOLG isn't the prize at present, ENSA is. It is ENSA that is the legal owner of the licence to explore and exploit Alpala-Cascabel. But since ENSA isn't a publicly listed BHP can't get access to it so they take a shareholding in the next best thing, SOLG. But a direct shareholding in SOLG doesn't give BHP or indeed NCM what they want. They want their hands on ENSA not SOLG.

SOLG is the gatekeeper to ENSA so how does a major gain access to ENSA? They don't need to buy SOLG outright but can offer Mather a sum to buy ENSA from the SOLG stable of 4 companies

At present I believe BHP is waiting for ENSA to report its PEA for Alpala-Cascabel. The licence for Alpala-Casc is owned by ENSA not SOLG

http://www.solgold.com.au/new-page-5/

A major surely doesn't need to buy SOLG shares to own ENSA.

https://www.aig.org.au/events/megwa-november-2018-2/

The discovery and geology of the world-class Alpala porphyry copper-gold deposit in northern Ecuador

Date - Wednesday, 21/11/2018 (5:30 pm - 8:00 pm) - Irish Club of WA - Subiaco

The recently discovered Eocene Alpala porphyry copper-gold deposit is located in the under-explored northern section of the Andean Copper Belt. The maiden mineral resource estimate (SolGold, 3rd January 2018) includes 1.08 billion tonnes at 0.68% Cu equivalent, using a cut-off of 0.3% Cu equivalent, for 5.2 million tonnes of copper (11.4 billion pounds Cu) and 12.3 million ounces of gold. This resource includes a high-grade core that contains > 120 million tonnes at 1.82% Cu equivalent (1.2 Mt Cu and 4.7 Moz Au; cut-off of 1.1% Cu equivalent). The deposit remains open and continues to grow with drilling.

The recognition of geochemical zoning has assisted in drill-targeting within the deposit and tenement-wide exploration. This zoning is characterized by central Cu-Au; proximal Mo; proximal to distal Bi, Se and Te; and distal As, Mn and Zn. Within the Alpala deposit, variations of Au/Cu in drill-hole assist in the delineation of different intrusion stages.

The applications of the Anaconda method to geological mapping and drill-core logging have facilitated the identification of more than six major intrusion stages and a vein paragenesis that allows for the prediction of copper-gold grades in the Alpala deposit. The most important indicators of high-grade include the presence of the early-stage causal intrusion(s), elevated porphyry-style vein abundance and an increased ratio of chalcopyrite to pyrite.

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