Member Info for snowman123

Only looking at Alpala MRE3 you have 14 MT CuEq in the mineral resource.

1 ton = 2204 pounds of copper. Currently 3 billion shares outstanding.

Back of the envelope calculation gives about 8p for each cent paid per pound of copper in the ground. Historical M&A figures indicate 6c paid. So with current amount of share that would value Alpala at 48p per share. Throw in some of the regionals and this should go for 50+ p with current numbers of shares. Unfortunately there is a risk of further dilution.

You are special no matter what :-) But no, I didn't get any notification.

Kinda hoping there won't be an 2024 AGM

Nobody really knows. Some speculation on this board why and some got excited and started talking about buying a new Skoda instead of a second hand one :-)

How many shares do you need to have to be contacted directly by Solgold? Obviously I don't own enough.

I am with Rich3r. My average is just below 20p. Not adding anymore after I added some at 10.5p.

If you look at previous copper deals and see what has been paid per pound of copper in the ground you also get a lot higher valuation.

It's hard to pick the bottom. Or at least I hope we have seen the bottom. But I think/ hope you will do well.

I added at 10.5. Personally not buying more and will just wait this out. Something with putting all your eggs into one basket.

Othern indeed a long uphill. I am deep under water at the moment. What keeps me here is that the price per pound of copper in M&A deals should value Solgold at much higher levels. Debatable what a good price per pound is, but there are some statistics out there. Funny enough one of those has the Solgold purchase of Cornerstone at $0.03/lb. Which was the lowest in that table.

https://www.spglobal.com/marketintelligence/en/news-insights/research/copper-ma-2022-metrics-peak-on-green-energy-push

Btw, Havieron's PFS - stage 1 from October 1st, 2021 had an estimated total capital expenditure of A$529 million (US$397 million). $360m out of that for a mere 2800m of decline would not fit that capex number.

Zoros, can you tell me where you got that number from? $360m seems extremely high for 2800m of decline.

If you back calculate the cost/meter and assume there will be some extra meters because of ventilation access etc. Let's say the total is actually 3600m then the cost would be $100.000/m. This is very high. Even in Australian dollars.

I would assume something more in the 3000 US$/m range + contractor mobilisation costs.

No, I copied the text from the MDA 'For the three months and nine months ended 31 March 2023' Sedar has it as filed May15th. P9 in your PDF reader P8 in document numbering. Header is called "GOVERNMENT RELATIONS".

From the MD&A published May 15th, page 9:

An application to begin negotiations on the exploitation agreement for the Cascabel project was submitted to the Ministry of Energy and Mines (“MINEM”) on 31 August 2022 and was deemed admissible on 14 October 2022. The formal negotiation process began in late November 2022. Due to the regulatory framework established in the Mining Law and in order to keep Cascabel mining title in good standing, the Company has until January 4, 2024, to complete the negotiation process with the establishment of a non-binding term sheet, and the submittal of a request to move into the exploitation phase. As of the date of this MD&A, the negotiations with the Government are advancing according to schedule.

WoodyB, I also noted he avoided saying if Jiangxi had signed a NDA or not. To me more or less hinting they have in the way he answered. But then Jiangxi just bought some shares. I would assume it is prohibited to buy shares after signing an NDA and they just did that. So I am confused.

Your guess is as good as mine. But if you look at some gold focused ETF's you see that they also have dropped the last few days. Add to that some low volume in trading and here we are.

DBW, I think addicknt meant the website of 'Investor Meet Company'. There is no event either even though the RNS points to them as the organiser.

I assume the event will be added in the next few days. But would have been nice if it was there the same time the RNS came out.

Anyone seen this presentation? Same old story?

And to add to addicknt's point. How many strategic options can there actually be to evaluate? Surely this doesn't have to take half a year or more.

I haven't seen an announcement either. Not about that we are going to mine it or from any engineering company working on a (feasibility) study. I am not against moving forward towards building the mine. It should add value and Solg can still be picked up along the way while the project is being de-risked.

No news, nothing to discuss. When something is announced I hope some good debate returns.