Member Info for Strider4

All good apart from the bit where they say Ecuador isn't blessed with infrastructure.

Hmm - have they not been following the SOLG story? Bitumin highway through Cascabel. Major port 100km away and a second 180km away. Plenty of water, plenty of power (international hydro power line 30km away, from memory). Reasonable topography (1000-1600mASL).

Addicknt - that's just the threshold. Did NM mention an IRR of 20, or was it 25, in the Final Report Q&A?

They could try to get their numbers right for a start: "The updated resource increased contained metal by 67% (at a 0.3% cutoff) to 12.3mt of contained copper equivalent metal"

The RNS states that the metal resource has increased by 77% (0.3% cutoff), and of course 108% at 0.2% cutoff.

"Shorts" getting burnt. He was never shorting it anyway - it was just said out of malice.

Will he come out and do a uturn? Doubt his ego could take it.

This was mentioned in the posts earlier, but I skimmed over it in the excitement:

"The project has approximately 950 Mt at 0.97% CuEq for 6.1 Mt copper and 16.2 Moz gold, significantly exceeding the generally held requirement of 750Mt @ at a grade of at least 0.9% copper equivalent for Tier 1 status for both copper and gold projects worldwide".

Now, Newcrest just spent $5 billion on Golpu's CAPEX alone (nevermind what it would have cost to buy the concession). SOLG's CAPEX has been mooted to be $3 billion. So, for the same cost of the CAPEX alone for Golpu, they could buy SOLG's concessions and fund the CAPEX. That is of course if you think that $2 billion is fair value for SOLG - I don't, but it's a useful example.

Ah shame.

Looking forward to that. No doubt he'll have a big smile on his face.

Will we be able to watch it live or do we have to wait?

nm

that's just the high grade core he's talking about too. Not looked at his numbers otherwise.

has done us a favour. The price is starting from a dip and hitting this news - both the chart and logic would dictate that the way is up from here.

See how it goes. I'm staying put whatever happens. The fundamentals now look outstanding, with BHP lurking.

Not your usual first 10 minute spike - instead steady and relentless buying.

Exactly - all about the high grade - that's the stuff that pays off the CAPEX in 3-4 years, and then some, and then you're in mining at opex.

Schme - think you are right, as they will already have calculated it in-house (re Steve Garwin's presentation).

Correction - no I'm the on ewho is wrong! They used 0.2 in this one and it seems amply justified.

The high grade core uses the same 0.9 cuttoff (comparing the new 420 to the old 220Mt).

Quady - you are plain wrong. I have the original MRE RNS up for comparison and they have used the same cut-offs.

"420 Mt High Grade Core @1.47% CuEq (6.1 Mt CuEq) containing 3.8 Mt Cu and 12.3 Moz Au at 0.9% CuEq cut-off, 97% of which is in the Indicated category (by metal content)".

97% indicated - that's going to score big time in the PEA.

I opened that RNS with some degree of nervousness, but they've only gone and done it.

Delivered ahead of December, and we've got 16km of assays still in the pipeline with 20km of drilling on top to complete the 2018 campaign.

Good stuff: "We (DGR Global, headed by NM) believe the speed at which BHP made that investment...demonstrates that they believe that SOLG is cheap".

Definitely, we need more evidence to start calling this one of the greatest finds ever. That's where the MRE2 and 3 come in. Golpu's MRE was a lot smaller than Alpala and I think it's "final" resource (~9Mt Cu and 17Moz Au - 2016) comes in at less than Alpala's predicted MRE2.

Incredulity all round is exactly what is going on here. People, including experts, are very hesistant to start prematurely calling deposits Tier 1 and talking about top 5s and greatest evers. They want proof first, before committing to that, and rightly so.

Let's see how things change when a rather large bit of proof comes out next month (MRE2).

True, it does seem amazing. Note that there are no publicly available results for Bingham and Codelco, according to the disclaimers.

Ref no. of holes in the other deposits. No, they have been peppered, as you would expect - ref GV's image shown yesterday.

Alpala does seem exceptional, there is no doubt. Perhaps also it is the geometry of it - near vertical with a finger at surface.