Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Everything in the article makes sense, but at the same time at the moment it is all speculation. Time will tell how this will go. Would be nice if the PFS comes in May though.
Comparing OT with Alpala is a bit like comparing oranges to apples.
Reserves vs resource estimate
Operating mine vs PEA
Government involvement vs Government endorsement
But overall good to see money is being spend in the industry.
( Rio Tinto paid C$18.98/share in August 2011 when they raised their interest in Ivanhoe Mines from 46.5 to 48.5%)
I would assume the PFS would have a sensitivity analysis including increase/ decrease of used commodity prices. That would be interesting to analyse.
One other aspect to look at is the used fuel and other energy prices. Mining is energy intensive and current price levels of fuel and energy will probably have an impact on the economics of the project.
Thanks. That was refreshing and interesting.
No, and a bit of a disappointment in my opinion.
MD&A is out.
Not read it all yet, but searched for Rio Amarillo and unfortunately nothing much to report there.
Many of us are here because of nearology, but if we do a JV now without any (good) results we might have to give away too big of stake in the asset on the cheap. In the end if ARV finds something I doubt that we will go all the way alone.
Downside of not having a JV partner with deep pockets is that drilling will be slower.
Can be a rollercoaster indeed and hard to know when to take profit/losses and when to get back in. Good luck to everyone trading/investing in this share!
Over at Hotcopper some are quite negative about (past) management. Let's hope the drills will hit something good. So hopefully we find out soon when drilling starts again and the outstanding assays will be encouraging.
Alastair gave an interview a week ago over at proactive saying (@4:20) Artemis will update the market about their drill plans on Monday. Has anyone seen this update somewhere? Would be nice to know when drilling recommences and when we can expect outstanding assay results.
Closing price at the ASX was 8.4c so I am expecting a 4.4p open here on the LSE. Let's hope it moves quickly higher from there.
Some outdated information from 2018, but this shows the grades of operating mines and the ones under development.
https://www.mining.com/copper-supply-deficit-worse-think/
"Operating mines currently have an average grade of 0.53% while copper projects under development have an average grade of 0.39%."
All depends on investment and mining costs if this will fly, but it definitely could. Moving forward with a PFS is justified in my opinion.
“The stock market is a device for transferring money from the impatient to the patient.” Warren Buffett “Time is the friend of the wonderful business, the enemy of the mediocre.” One clear and simple investment edge that anyone can choose to take advantage of is patience.
Maybe I am mediocre as I am getting impatient :-)
In principal the Cut-Off Grade is the minimum grade required in order for a mineral or metal to be economically mined.
So if higher prices have been used and everything else stays the same the cut-off decreases.
To me the real question/ debate is if they have used realistic prices and cost estimates to determine this Cut-Off Grade.
The cut-off is a bit lowish, but it is stated they follow the CIM and NI43-101 standards.
The thing that caught my eye was " Potentially open pittable Mineral Resources include a higher-grade near-surface zone containing 10.6Mt @ 0.41% CuEq and 5.1Mt @ 0.45% CuEq that should support early cash flows and accelerate pay back of initial preproduction capital for the Cascabel Project."
There is a separate document on SEDAR. Look for this:
Nov 19 2021 10:48:13 ET Form of proxy - English
I am looking forward to drink some Solgold coffee when this is all done and dusted :-)
I am also of the opinion there might be some sort of a friendly deal in the making and therefore no new CEO has been announced. In the letter to the shareholder it says: ”The search for a new CEO is well advanced with a final shortlist compiled/a preferred candidate identified.” Having only a shortlist / preferred candidate to me says talks have barely started and the process is not very far along. Is SOLG just buying some time with this statement?
Later in the letter to shareholder in the bit about BHP it says: “…. undermine the advanced process to secure a new CEO …” In my opinion this contradicts the previous statement. Unless making a shortlist means you are advanced in the process.
Anyhow, my own little conspiracy theory. Nice to discuss these while we wait for news. Of course as long as we can keep the discussions respectful.
"Major gold miner Newcrest to acquire Pretium for $2.8 billion"
https://www.kitco.com/news/2021-11-08/Major-gold-miner-Newcrest-to-acquire-Pretium-for-2-8-billion.html
No experience with boardroom politics here and I was rather surprised by clearly stating an external company name in the RNS. As many others I can see the value of solgold and would like to receive some updates. But that could just be my impatience. I am hoping the quarterly update will have some good information.
In my own conspiracy theory the lack of a CEO could have meant a friendly takeover bid. But no evidence for that and that doesn't seem the case anyway. I would actually welcome some sort of bid. If too low it should be rejected, but my reasoning is that it would at least increase the share price.