Member Info for theiceberg

You pay for the pfs upfront.

Do some folks deliberately try and mislead.....it's rather sad really.
Six months expenses 5m
Three months 2m

All this talk of expensive staff e,pensive regional exploration just isn't true.
We had 23m in the bank so lots and lots of cash.
The funding is for the development of the mine, which is nearly done.

Total radio silence 're Blanca which speaks volumes for me.

CGP 300k in the bank
SOLG 23m in the bank.

A very good few weeks still to come ! :)

The red dot of news is only 20 mins away.
We are being a little spoilt with news this week and a few zeros don't like that.

"These flat lying veins (Figure 2) potentially form part of a larger intrusion-related stacked vein system similar in style to the Buritica deposit (6.4M oz Au) in Columbia.”
Just seen this and it's the tier 1 holy grail I was talking about Blanca results will need careful understanding for signs when they come.

Man-portable drill machine has been on site at the Blanca Project since mid-September testing the very high grade sub-horizontal veins, up to 0.4m wide, containing up to 617 g/t Au, at the Cielito Vein System.
Ø First hole (BDH_19_001) intersected a 30cm wide mineralised vein with visible gold along with multiple thin sulphide rich veins and mineralised fault zones.

The above is taken from the last update at the start of Blanca drilling.
Just a single vein of this good grade would be one of the best holes of the months worldwide.
If they are stacked and we get 3 or 4 of them the it will be ones of the highest grades holes in the world for 2020 imo
If they have found some serious widths then we have a potential tier 1 gold project

It's not complicated in a bad way though...from memory I think he quotes 600g\t
It's complicated in an explain in 90 sec way and he says his geos understand it.
Blanca is actually several different types of geological gold systems. IF we hear from Blanca it will likely just be phase 1 for the first target.
We won't get 600 or even 60 imo otherwise this will rerate to billions. But these are highly important and potentially tier1

Volume isn't high either...shows how even a small volume on the buy side will push this North at these levels.
I am not sure that folks really realise how important the Blanca drills are...the most important for a few years imo.

Agree re the 500k block. No surprise that news followed that being rushed within 24 hrs.
Got a feeling we have Blanca news tomorrow with the qtr updates.

There is also expectation building of mre3 and the streaming finance.

These explorations are not costing very much at all..Labour will be cheap, equipment is very minimal and assay costs will be equivalent to less than a single drill.

As expected another taster rns. A bit of side salad.
But it's still a tier 1 project. Probably going to become a world top 10 mine.
"With surface mineralisation covering a vertical extent of up to 1500m, we can envisage that exploratory drilling will test an enormous vertical column of 3 to 3.5km."

're the saw samples these are incredibly high for surface weathered copper"

The full article is really interesting...
Basically newcrest only made 236m I think in the last half. They have a loss making gold set up in Aussie and need a new project there really quickly...
Their suggestion for solg is to spend a few more years drilling and expanding cascabel which they want to help contribute to and for Nick not to go else where. It's obvious from the article they they want to delay the push to production they need to get their loss making activities sorted and are afraid of losing cascabel and it's copper and gold...
It looks like Nick is securing a streaming deal that will give the copper and gold to somebody other than newcrest and they wen nt happy.
Also that Nick isn't rolling over and doing what they want.

I am really happy with that article good find.

It was the regional that got me to reinvest into solg.
I honestly believe there is enough gold in solgs regionals to put ggp to shame.
solg will be know as a gold major with added copper over time.
I want Nick to really put flesh on this and get a roadmap to production of a gold resource this year. Hopefully Blanca

Cheers cafekris.

As per drakes response this is 100% ours and is a ready source of high grade gold at surface. Ready now for drilling

I still can't wait for the Blanca drill results...

Mrwifi. Whatever you want to call yourself in this name change since your last ban.
Your are deliberately trying to twist and show negative misleading views. My last post of this subject is simple.

CG P have a debt carried interest.
They have a percentage of ensa.
They only have as an income whatever money solg wish to pay from ensa.
They have no collateralized rIghts to any of cascabel.
They have to fund millions and millions next year to keep there share and avoid being diluted to nothing.
They hAve no way of doing this.
They market is showing they have no way of doing this. Valuing there ensa holding at no more than £10-15m
They can't sell their holding or transfer it without solgs approval.

This was rock saw sampling which is different.
rogermarjoribanks.info/collecting-rock-chip-samples/
Search the above and it gives a simple explanation of the difference...
Rock chips arnt worth #### imo except in rare cases...this is quite different and the size of mineralization is significant .
It's a high grade easy to expose good source.

No I am suggesting that solg is on aim, just that there are companies that would be happy with just this single resource.

Back in May the regional started on the 7th and then on the 20th we had the pea..
It seems like a similar situation now, so the start of the news flow now is very welcome.
We can maybe expect further updates tomorrow and then the Friday update.

Those gold grades are very very respectful from surface. Any aim company would be shouting about those.

People can believe what they want...for me it's clear..so maybe agree to disagree.
What is hopefully clear though is that cgp cant raise any money anyway...They can't do anything with their 15% of ensa they can't collateralise it..so they will be diluted to 0 regardless..
"Cornerstone is not permitted to sell or even to encumber its interest in Cascabel, either directly or through a pledge of its shares of ENSA. This makes debt financing, a royalty, metal stream or other similar structure a significant challenge for Cornerstone under current arrangements. "

Mr W
Your being deliberately misrepresenting. Nothing is due until bfs we know this. We are talking about what happens to cgp payments after this.

The 500k came off the bid at this time...it looks like which ever wanted the shares didn't want to wait anymore and brought on the open market at a higher price..
Could point to news in the next day of two before Fridays news.