Member Info for TheItalian

ORE (Outstanding Resource Estimate)?

Yep I know, I attended that class. :-) But for simplicity I mostly look at the IG Fibonacci extention as plotted 0 to 100pct from 1 to 46. Looking forward to see how it pans out, in the interest of academic knowledge, since even at the lowest of those numbers the Italian is very pleased with the investment return.

Considering that the fundamentals are most likely there and we should hopefully find out more with the next MRE, I think that eventually the price action will be between that 161.8 and the 261.8 extension, or 75 to 122. After that it's difficult to say imo.

@solgfinger, don't we all?

When mixing up those who trade the share and those who buy and hold, is there anyone here with some knowledge of Hurst Cycles, to try and have a more educated conversation about how long term and short term price trends interact to produce the current price dynamics? Or shall we keep the poor conversation level as it is?

that so many decide to bless us with their wisdom on this BB! After all, we are just ignorant (not stupid, just ignorant) private investors who come here to share their aspirations or analysis, look for information or some peer's advise or just to get a vibe about the share. We need such diversity in contribution, to catch that vibe, whether it's from a chart expert, a mining expert, a dedicated researcher, a paid deramper, or the frequently appearing clown. As inconsequential as we are to the real investment flows and SOLG's corporate strategy, it makes so many comments so chronically pathetic and useless for an investment decision or to steer the price up or down, but still are we not all still here, just to see what's the latest gossip? In the end, after so much blessing, the only thing that matter remains the one and only, DYOFR. GLA all.

SoldGold would be in order if the right offer arrives!

I think people get treated badly when they show up and make their case in a rude fashion, or they show classic deramping arguments instead of actual information. In fact, we would all benefit from a good view from both sides, if presented nicely like the rest of us tries to do. I remember a poor chap in GGP who was really not sure about Newmont really buying and was argumenting the case, he was crucified. I was in doubt myself but avidity prevailed against my gut feeling as I knew that deep down I agreed with him, which ended up costing me over 30k. So, a good reality check is always welcome, but if real arguments are not made and instead pointless noise is made just to instil doubt and fear, then filter it has to be. Now, if anyone actually has a credible argument against SOLG that looks beyond the obvious fact that we are the the orphan stage and the price gets depressed until we move to feasibility and development, I would love to hear it.

Well said Pad, I read it all in one breath. If fact I have been looking for another investment opportunity like SOLG for diversification and to be honest I havent found it. Ideas always welcome!

...which would put SOLG.....crap typing......

Thank you Pinot. Interestingly, amo g many intetesting comments, is the mention about his valuation per copper pound, which woyld out SOLG at 50% premium over their peers and a price of aboyt 36.5p based on the first MRE. So given time, imho we might be able to see the price moving into the 60-75p range even with takeover talks, assuming a new MRE with 11 to 15 MT CuEq and a richer core.

And slide 20 has that "ALPALA IS BIG AND GETTING BIGGER AND RICHER" phrase we like

If it's not too different from the 121 HK one, it's on their website.

@Marcus333, yes, a few days ago NM said a couple of months until the next update, with resources growing significantly bigger (his words).

I am not advising, we all make our own decisions. I am just saying that before that level, in my opinion, this is not a sell. After that, we start to get into a sell territory. I am not going to close my SOLG positions at 75p, by the way. Worst case, if I really feel the itch on the sell button, I might sell up to 25% of my holdings to top slice but no more than that.

@KB007, agreed, hence the "at the very least". Before �1.00 and more, come 30p, 35p, 46.8p, 59p, 75p,..... One step and a time.

My 2 pence on valuation.... The 7.40 mln tonnes of CuEq as per initial MRE, ultimately pushed the valuation to 20p, or about 1% of resource or also 0.03 USD per lbs of copper. Leaving temporarily aside the fact that there is gold and there are other tenements, and just focussing on price action vs. official resource information, we are already seeing that there is an expectation built into the current price (around 27p) as the new MRE approaches and other tenements are being drilled. So if now we project a new MRE, say a not particularly aggressive 50% increase of overall grade, associated to a similar increase of high grade core, which brings the overall Alpala grade into more "economical" range and therefore more unequivocally appealing as investment for both majors and institutionals, we should at the very least see a re-rate to about 37p, which is 1.33% of resource and also 0.04 per lbs copper (which itself if SOLG's peer average valuation). Again, i think "at the very least". Achieving a resource description which can be universally be interpreted as "economical" officially opens up the doors to a T/O scenario, where the multiple then moves to 2-3% of resource if now higher. And this is just Alpala, before we look at Aguinaga, Trivino, or any other SOLG's assets. So, where does that leave us? Unless this is all a big misunderstanding, and despite NM himself stating two days ago that the new MRE will be "significantly bigger", this is just a matter of waiting for the SOLG team to continue their great work and get us to that beautiful new number that finally tips the scale. I think this is not a sell until we reach 15mln tonnes and a 2% multiple, which puts us at around 75p. in the world of possible outcomes, I see this as an achievable level some time in 2019. whatever happens after that, who can tell, I am trying to not be drawn into the "sky is the limit" daydreaming, however this really looks like the real deal, SOLG being the largest exploration play and first mover in Ecuador, too much interest on this region to not eventually monetize on it. DYOR and GLA.

Jut chill out, NM himself said it's "a couple of months" for the updated MRE which will promises to be significantly bigger than the first one. It's a lot of data, it's a big resource, and there is a lot of majors and government interest so it will take time to do it properly. We are no longer a company listed in the wild AIM, market information is more heavily regulated and SOLG have no appetite for being told off by the Canadian regulator a second time. Good days ahead, it should be a good summer for SOLG investors.

Does anyone see Level 2? IG shows a tighter spread now, higher bid, but I don't see the actual depth of market,

In my opinion, right now SOLG is focussing on determining how the Alpala rich core is shaping up as that is the single most critical aspect of moving the dial for the entire project. Then comes the overall Alpala tonnage. Then it's all the new stuff, like Aguinaga and Trivino. serious investors won't be distracted from this priority order, again in my opinion.