Member Info for theiceberg

There are 3 drills from this pad, your 100% correct that the first drill was about glancing the centre, the edge of the alteration zone and some depth.
Drill 2 and 3 are t o test the deep core and the shallow s.

Sorry if I seem to be hard on the predictions it’s one of the things I hate about the GPP board. It’s full of these things where folk extrapolate x,y and z to come up with a mythical number which is so far removed from reality. The problem is that when reality bites it doesn’t/ won’t go down well.
The drill assays will tell us so much as well as the visuals and it’s nice to know the MRE will be quick and that the drilling Will be grid based.
Lots to look forward to

Re La hueca, update mon-wed IMO.

But are we going to have 2 rigs by Nov or 3?, or 2 rigs by Christmas or 6?.
Are we going to have 2 drills from each pad or 4?
Do all rigs operate at the same rate or are some older and take twice as long?
Some rock types can take twice as long to drill through than others (and wear down the drill twice as quickly)

I do have a problem with these kinds of estimates as they are meaningless.
We know how quickly the La Hueca drill is running, roughly. Also that the Porvenir rig seems to be a bit quicker.

We won't have a clue how many holes will need to be drilled at porvenir, We don't know what kind of mineral classification they want, the lowest or the highest.
Man costs are massive as are oil costs, what ratio of Aussie to Ecuadorian for the manrate, i.e $150 or 400 a day. Oil costs could be half what they were.
Different drill rigs will work at different rates,how many pads?
We have no where near enough info to predict costs.

Stop losses are generally used by trader, when they hedge ,to prevent the hedge from being breached they set a stop loss.For normal PI s there are so many false things said about them.
If your invested, for example until say 60p is reached or solg is sold, or PFS is released then you don't really care about a drop in SP.
If there is some really bad news that will cause you to sell, then the stop loss won't be trigger as the market wont be working..particularly examples such as failed oil drills etc.
The market can see some stop losses (It depends on your broker), most big brokers will simply keep and serve these internally unless you have say 500k shares.
Markets makers won't drop a share more than 1-2% to trigger a stop loss, if you think about it it makes no sense on a sets system, possibly on a market maker only system But not one that has DMA access.
all in all unless your a trader it doesn't make sense.
It's also a myth that setting a stop loss prevents the shares from being lent. Whether shares can be lent, what positions need to be covered is purely internal.

Has been the one project problem..it will always comply with the corporate mining cycle, so with one project (regardless how good), when the PEA, PFS or DFS is being worked on the SP will suffer, it's a dead period when investors are concerned. Obviously there is the spike just prior and post the actual publication.
now though for the first time in many years, SOLG doesnt have this problem it isn't a one project company.
We have multiple workstreams to provide news on multiple projects. It should mean that never again solg has these long dead periods and so the SP shouldn't ever go back to the 20s or even the 30s when they are left behind shortly.

IP anomalies are interesting. They are colourful and folks look at them and go "wow I can see all the fabulous minerals" but in truth they are guides that show resistivity. The porvenir hole is a prime example. The intrusion will be really bright but it won't be heavily mineralised, it's next to the intrusion which will carry the minerals which is why the first hole is normally on the edge of the anomaly opposite any faulting. Hole 1 did just catch the main target, but has still hit lots of mineralisation..if you look at the 500-700m which should be in an area of weakish IP anomaly, the grading could well be the highest yet. If the general rock type has a low resistivity then the stockwork could be incredible and still as a majority give a lowish reading.
IP is not great at showing extent without the drill, which is yet another reason why drill 1 is so useful and impressive.
But it's worth being weary when looking at these bright IP maps they dont show minerals a lot of things and some serious good geology needs to go right for them to be really predictive.

Thankfully we have 25 100k clips on the bid providing a very firm base at 30-31p.

I posted the comparison on Twitter because it allows pictures, but if you compare the visuals from near surface to those at 450m the veining is completely different, far bigger as you go down, the leaching zone as we approach the host intrusion will just by the law of physics indicate greater and greater vein and mineral readings now at least until this so he finishes. It could have been that the veins at 300-500 just didn't contain much chalco but because they do, the pressure must have transferred it there.
Nick KNOWS how good it is, which is very rare in a first drill.

It's too difficult to call for me, Porvenir could be finding some amazing stock work between 500-800m as it gets looser to the intrusion. If he amazed if it didn't and have no doubt the extra rigs are in part needed because they now have to drill to 700-1000m rather than 500-600m.

Cascabel is the world's number 1 copper gold none production project with some of the world's best ever drill results.
Porvenir looks like it might well be better .
For Rio to come in even better would be a feat never before seen by any miner. But Rio has so many of the characteristics of the other two.....

Porvenir is not 60-70m asl, it's probably over 1000m asl. But the drill pad is 50-70m above the creek. Open pit isn't a problem as long as it's footprint isn't silly, i.e not strip mining. More important is water usage and whether or not the creek and tributaries are fed to villages and farms etc.

Interview is cracking and follows an excellent day, Nick says they are fast tracking the drilling now with an aim for a quick feasibility study on porvenir after a fast tracked MR E for porvenir.
30p comfortably gone with lots of ii buying, (frequently 2-3m dma on the bid), 40p looks very likely prior the PFS and maybe 60p for the P FS now.

Believe it or not quady but I've written more Unix shell scripts than I would ever want to write in a life time, lpar server, hp unix, .sh files, kick ing of Oracle SPs, DB replication , autosys jobs polling for trigger files. Etc.
But it won't stop the trolls from pouncing on any delays,

That kind of real time data causes problems, a glitch in the datafeed and there will be 100 trolls saying the hole has collapsed or the rig has broke.
I am happy for the company to release when they think it's appropriate.

Ia hueca is a different geology. it's not chalco dominant it's more stock work gold which is far harder to get good visual guides from and or XRF. I think they are also trying to space the regionals so I certainly wouldn't assume anything from it.

Is hueca should be very advanced and into their 3rd hole. My calculation was assay results from ALS as early as next week, but We might get visuals from the first two holes next week and then assays the week after from the first hole.
With porvenir drilling to at least 700m maybe more, this should be finished between the 7th to 12th of Oct.

Willem is a d### I noticed he just started following me on twitter,
It was on!y a few weeks ago he was tearing into Nick and solg....
If he wants solg shares he should just support the CGP bid!

Imo this makes a JV for cascabel more likely.let BHP take on the operatorship they can fund the capex, We can keep 20-25%. And develop the 500m cap ex portrait and associated tier 1s.

Jerry, think rolling uplands rather than mountains, the drill site is approx 50-70m above the creek(valley).
There are 3 drills being done from this pad,the 2nd drill is steeper and should intersect the core more, the 3rd shallower.
Between them they will show the likely financial benefit of an open pit, inc what the grades will be like if they just dig from the creek across the height and then down into the core..
I can't see the other drills being bad knowing what we do know, but they are all incredibly important, We will have drill 1 the initial taster, then drill 2 the core and bonanza grades and drill 3, the profitability of the shallow stuff.
By Christmas we will have all this data inc ALS.:)