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The sp has held up well this week imo it’s was always going to be a none news week. Next week is another matter I’ll eat my hat if it doesn’t contain nice news.
I don’t think the PFS will be next week maybe the week after, but again this is just my opinion.

Miagi Southern copper have been open about their desire to expand into Ecuador and wanting more copper.
Rio already have a few projects to digest, and have been open about wanting to get more into other things. Mineral sands, lithium , battery metals not copper etc
Rio might want it to stop others getting it or be a minority holder but that’s it.
Just my opinion though

Just imo but I think there will be.
Group 1.
BHP
Barrick
Southern copper

Group 2
Fortesque
Rio
Newcrest

Group 1 are by far the likely companies group 2 the firm outsiders.
Personally I can't see more than £1 being paid for cascabel and maybe 1.5-2 for the whole company.
I don't see anything this side of Christmas and don't think anybody will buy, but it will be a JV.

Nobody wants CGP, there is zero interest that anybody wants CGP.
I am glad though that we don't have any staff at this price wanting to sell :)

most of it is spread, the real price to buy hasn't change mucn, which it why it's now bearly 1-2% down...

Rebounding a bit from a bad start, looks like a nice time to buy a few. There are some falling knives elsewhere today, it's a Rocky end to the week.

Two more days then things get interesting, hopefully the below is true, not because I want it to be, but it might stop some of the drivel on here.
This week is.going to be quiet, we might get lucky, but please please, you are entitled to complain, but at least let the company meet it's timescales!
The sp will drift for a couple more days yet but that's it, of course imo.

"We know that the cgp offer expires on the 14th and shortly after BHP leave their standstill.
We think that the AGM will be between the two.
A few calculations says that the week beginning the 5th Oct will be the week we complete porvenir drill 1 and so get visuals.
It's also the week we might reasonable get drill 1 assays of la hueca and possible drill 2 visuals.
I don't believe it's a coincidence.
The question is when is the PFS imo likely to be between the 28th Sept and the 16th oct.

All in all after this week, which could still throw a surprise we've got an amazing 3-4 week period. Not 6 months or 3 months or even 1 month."

It's a myth that BHP or any miner has teams of people just standing around capable of building mines, they dont...They don't build many mines from scratch. Indeed some years they won't build any!
Bh p tends to employee maybe 50 70% from contractors, the rest from the country they 're operating in...solg has far more EcuAdor employees than bhp.

Bhp Rio et c will still employee the likes of srk etc
Their day job is to operator mines not build them.!
Finance is not true...yes they can raise it but to spend it requires multiple sign off credit committee s etc. Big companies are bad at spending and paying, not because they don't have the money but because of process.

I don't understand why BHP could build it any quicker either, it might be they have a bit more clout in the long lag items, but the internal processes and vertical and horizontal leadership will counter this in spades.

Tbtt the amount of disinformation has gone since your tried to stop posting......

A major is far far less likely to get local approval, Lundin has done quite nicely in ecuador!

It's clear enough for me. I was actually really happy when I read that yesterday..if new licenses are going to be problematic then the company with the most existing licenses and a good record in the country (unlike CGP who are being taken to court) is sitting rather pretty!

CGP pay kitco to sponsor their event, and there isn't Jack that supports BHP making a bid for them , even when BHP bid for solg a few years ago they didn't want to go down the cgp route.
I do wonder whether they have a placing waiting once the bid deadline has gone by as they have spent all the money they had again.

If you say so. Yawn

Since its a quiet week.

The gold price has been coming off recently -hovering around 1900 atm- this is not what you would normally expect given govt debt, money printing, falling stock prices etc.
However the reason for this are the ETF's. Most Gold ETF's use to contain mainly gold contracts, physical etc. They closely followed the gold price . Demand for ETF's would drive up the gold price and vice versa. ETF's were a very liquid way of hedging using gold.
Increasingly though the hedging of Gold has exploded, pushing up the price, and many newer ETF's have launched. buying just Gold has fallen out of fashion partly for risk purposes - particularly if the gold is brought at record highs- partly the share growth of companies such as Franco has delivered greater returns.
Now instead of just gold, ETF's are investing in anything gold related, streamers, royalities, producers, even explorers. This has caused a fall in the demand for real gold or gold contracts and bubbled many of the above alternatives. Hence why the gold price isn't going all guns blazing for 2000oz.

Now you might think wouldn't it be nice if they invested in SOLG...? The answer is a massive NO.

Many of the ETF's that have invested in alternative gold areas have fallen in the last few weeks (peaking in August), many are waking up to the froth and bad decisions the ETF's have made. (if you want to hedge why not just buy Franco or Newmont shares directly). These ETF's were set up quickly without much skill behind them.
As money flows out of them they enter a spiral of falling prices , falling assets and quickly become distressed sellers. Some ETF's are down as much as 20-30% since August, some 5% or more just this week. The very last thing SOLG needs are distressed sellers in a generally low liquidity market. If you don't believe this will happen look up the lithium ETF's that sprang up when Lithium prices increased, massive outflows, massive price falls and lots of distressed share selling.
They won't care what they sell at, as its not their money.

So IMO, and its just my opinion, be a bit glad that SOLG has been overlooked by certain funds, factoring in a 1800oz gold price is good and sensible and stay clear of the froth and bubbles that have been created...

It's in its own national park and we don't have any licenses near it.

We know that the cgp offer expires on the 14th and shortly after BHP leave their standstill.
We think that the AGM will be between the two.
A few calculations says that the week beginning the 5th Oct will be the week we complete porvenir drill 1 and so get visuals.
It's also the week we might reasonable get drill 1 assays of la hueca and possible drill 2 visuals.
I don't believe it's a coincidence.
The question is when is the PFS imo likely to be between the 28th Sept and the 16th oct.

All in all after this week, which could still throw a surprise we've got an amazing 3-4 week period. Not 6 months or 3 months or even 1 month.

But koha

Nice little move up despite a rubbish market.

For La hueca it's around 500m for each drill give or take a bit..for porvenir it looks like the first hole is 400-450m as that's the expected limit of the geo they're testing. Further holes are between 400-600m
But obviously they won't stop if hitting great grades. They can go to 800-900m and even beyond.

When looking at the first 4-5 holds They are testing different geo types in each hole. So it will be really interesting seeing what they intersect...like the first 4-5 holes of alpala again but this time doubled!

Tbh I care about the regionals more than most things so was interesting to find out.
Going from the RNSs Nick's comments, Eliza, the drill technical etc.
Porvenir is similar depth to la hueca .
It gives us 3 weeks to drill to depth, then 1 week to keep be the drill and restart again. So 4 weeks between holes.
Porvenir started just over half way through hole 2 of la hueca.
So we should get a hole finished every 2 weeks roughly.
Cores will likely be taken at the end of each hole for ALS.