Member Info for zoros

"...Porvenir –already showing signs of becoming a significant, open-pittable Cu-Au porphyry deposit in SE Ecuador –continuing to be the particular standoutat this stage...."

Target price of 85p by June next year EVEN WITHOUT THIS NEWS FROM THE REGIONAL!

Leg up coming:
Alpala PFS
Cacharposa MRE
Tandayama MMRE

Can't hold this news back much longer.......
Z

Valuation: GBp85TP rolled to Jun-22 with 209%upsideWe roll our valuation for SOLG to Jun-22E, resulting in a target price of GBp85/sh, to which SOLG continues to trade at an attractive 68% discount.We have also made slight adjustments to our cash burn, with a decrease in estimated exploration expenditure for the 12m to Jun’21 but an increase for the 12 to Jun’22 leading to a marginal decrease in net cash.Our valuationis based on a 30Mtpa block cave operation commencing in 2028E, a US$7,000/t long-term copper price assumption and an 8% WACC. Thekey upcoming catalyst in2021 will be the completion of the Alpala PFS, alongside potential maiden MREs at Cacharposa and Tandayama-America. We include a conservative US$75m for SOLG’s regional exploration beyond the Cascabel licence, which could also yield multiple positive catalysts, with Porvenir –already showing signs of becoming a significant, open-pittable Cu-Au porphyry deposit in SE Ecuador –continuing to be the particular standoutat this stage.We also welcome SOLG’s announcement for co-operation with Cornerstone Capital Resources Inc, who currently have a 15% (dilutable) interest in the Cascabel project, to explore and evaluate a range of strategic and financing options to maximise shareholder value.

I lied about 3 posts!

Z

Flurry of exploration activity expected at other targets this quarterSOLG has been simultaneously drilling at the Blanca project in northern Ecuador. The Cerro Quiroz target within Blanca returned significant gold mineralisation from Hole 4 including 9m at 3.12 g/t Au. Drilling of Hole 5 is seeking to test extensions to this mineralisationas a follow-up. Meanwhile at Sharug and Rio Amarillo preparations are underway for commencement of drilling. The SantaMartha target in Sharug contains acompelling,open 1,200m x 500m coincident hydrothermal alteration, geochemical and magnetic anomaly that is typically associatedwith copper-gold-molybdenum porphyry systems. SOLG’s application of its proven exploration blueprint has returned solidresults to date through systematic evaluation and we expect further promising results fromdrilling at the four projects.

cont

Significant intercepts at Porvenir, 100km south of the Fruta Del Norte depositSOLG announcedassaysfrom Holes 8–13at the Cacharposa copper-goldporphyrytarget(Porvenir project). Results include a stellar 106m at 1.02% CuEq from Hole 8 and 174m at 0.92% CuEq from Hole 13 at~250mdepth. With mineralisation from surface, albeit at slightly lowerbut still solidgrades (e.g. Hole 10returned 608m at 0.47% CuEq from surface), we believe the project appears amenable to bulk surface mining methods.Furthermore, Holes 14-16 contain visible signs of copper-sulphide mineralisation (with assay results pending) and drilling of Holes 17-18 is currently underway with two rigs. Cacharposa is part of a 1,700m long northerly-trending mineralised corridor up to 1,000m wide and results to date indicate a significant prospective resource.If we were to take an estimatedpotentialfootprint of 600m width, 600m strike and 700m depth, using a density of 2.5g/cm3we would arrive at aresource of ~630Mt at current grades of 0.4 -0.5%CuEq (i.e. ~3Mt of CuEq).With the ~9.5Moz Au FrutaDel Norte project only 100km away, we continue to see strong potential atPorvenir

contd

12th July (1 of 3 posts):
SolGold(“SOLG”)has published an updatefrom its ongoing regional exploration programme in Ecuador. ThePorvenir project is continuing to return results that demonstrate itsopen-pitpotential with mineralisation from surface and a high-grade ~1% CuEq core. SOLG’s geology teams are advancing in-house resource estimation models, building towards a maiden Mineral Resource Estimate (MRE) at the Cacharposa target within Porvenir. Increased exploration activity is also expected this quarter at regional targets, with drilling actively underway at Porvenir and Blanca and due to commence at Rio Amarillo and Sharug shortly

cont

Speedy is taking £1000 deposits/bar over the next week or so, for all those who want the ingots. Non refundable of course. Please send him your email.
Z

Absolutely Covgaz. Nail on the head. CD brings very interesting information to this thread. Head and shouldes above anything you can ever dream of bringing. Wind your neck in and let him add to the big picture.
Z

Hi Speedy, hope you are well.
I have endeavoured to 'interpret' what all the inputs regarding first pour, alude to. Eventually I decided to lean towards the more conservative time line and slipped it into the next quarter (Q3/22).
However comma!
If Byrnecut decide their ducks are lining up and there are no technical restrictions/hazards/barriers in their way...and they dig at breakneck speed...we could easily find first pour coming back into Q2/22.
Was it tongue in cheek regarding the gold momento's? If you are serious and you are receiving +ve vibes from GGP, then I could 'slip it in' at the next update for you. But it has to have credence..
Over to you.
Z

Currently:

11/03/21. 65,000m growth drilling continues into 2022.
[16,500m completed @ Hav between 28/01 and 11/03].
Q2/21. Refined and remodelled drill testing @ Scallywag (Swan / Teach / Architeuthis).
04/21. Juri JV drilling commences (Goliath / Outamind / Los Diablos / Parlay).
NCM invests $3m over first 2 yrs. $17m over following 3 yrs.
04/21. Rigs at Paterson Range East and Black Hills.
[3680m completed @ Hav between 11/03 and 31/03].
12/05/21. Exploration decline to top of ore body commences. (420m deep / 3km long).
06/21. Goliath scout drill testing completed. Assays pending.
[5757m drilling completed @ Hav between 31/03 and 10/6].
10/06/21. 26,000m drilling completed.
22/07/21. NCM June quarterly results.
11/08/21. MSCI quarterly Index Review (effective 01/09/21).
19/08/21. NCM full yearly results.
Q3/21. MRE(2)(Inferred) for SE Crescent, adjacent breccia and Northern breccia zone.
Q3/21. Havieron PFS. (On completion, NCM will own 70% Hav JV).
Q3/21. MRE(Indicated) for SE Crescent and adjacent Breccia zones.
[https://polaris.brighterir.com/public/greatland_gold/news/rns/story/xeqo0ox].
09/21. NCM Interim report.
09/21. GDXJ quarterly rebalance.
28/10/21. NCM September quarterly results.
11/11/21. MSCI quarterly Index Review (effective 01/12/21).
26/11/21. Firetower/Warrentinna mining rights expire.
H2/21. Drilling programme commences – Rudall.
12/21. GDXJ quarterly rebalance. .
12/21. Option for NCM to take over management @ Juri JV.
2022. Growth drilling programme planned for 70,000 to 85,000m @ Hav.
2022. Drilling commences @ Ernest Giles.
09/02/22. MSCI quarterly index review(effective 01/03/22).
Q1/22. Exploration decline and ventilation shafts complete. (@ est rate of: 350m/month).
Q2/22. Stoping (2M tonnes/yr) commences @ main ore body.
12/05/22. MSCI quarterly index review(effective 01/06/22).
Q3/22. First pour? High grade, low output. (Possibly mixed with existing Telfer grades).
Q2/22. D.F.S. Decision to Bulk Mine (as a JV) to be made by NCM / GGP.
08/07/22. Bromus mining rights expire.
11/08/22. MSCI quarterly Index Review (effective 01/09/22).
Q3/22. Bulk Mine decline commences. [1200m deep / 8km long @ 350m/month][22 months].
10/11/22. MSCI quarterly index review (effective 01/12/22).
2023. SLC commercial production commences (est; 3 years from start of 1st decline).
01/11/23. Panorama mining rights expire.
Q3/24. Bulk Mine construction begins (access and ventilation shafts).
Q1/25. NCM may acquire additional 5% interest.
2028. Bulk mine production. (SLC and Bulk Mining, operating in tandem).
2042. Sub Level Caving ends.
2053. Bulk Mining ends.

Enjoy your weekend guys and gals, especially Sunday evening.
Z

Nice assessment MWV1 for the Porv resource. A little tight with the cut off grades I would suggest, them being: 0.1, 0.4 and 0.7%, rather than all @ 0.7%. So more value from these reserves than suggested perhaps?
I think we can all rest easy as to where the Cu prices will be in future ;)
Z

Bablake...do you want his baby FFS?
Calm down sunshine, it's an effing lump in the ground....not in the trousers.
Jeeez
Z

Quady:
"...as I was not talking about Alpala either...."

"...We have a PEA on Alpala which is where we derive our NPV...."

Errm...
Z

Quady, he's not talking about Alpala.
Keep up FFS!
Or go back into hibernation....one or the other.
Z

Hi Pactrol...they are just assay results. Nothing more, nothing less. Certainly nothing for the markets to wet themselves over. The MMRE should liven things up though.
Z

Hydrogen....I like you, I really do. You're one of the 'good guys' (whatever that is), but, by god your all over the place at times, both here and on GGP:

7.15am this morning:
"...That's because Solg investors don't understand porphyry copper deposits. This will drop today and the grades will be seen as disappointing...."

and an hour later @ 8.18am:
"...She's flying up no....? may be not much stock about after filling that mahoosive order? Is this is going back to the 30's finally...? Should be a good day today...."

Calm down dear.....they are great grades in the grand scheme of things. Anyting over 1% Cu is very solid stuff. (Bit better than some of our GGP grades eh?).
Stay safe my friend,
Z

Destiny is all.
Z

Good to see SD is shaking the board up and preparing it for either a main listing (once we generate income) and/or I.I. corporate compliance. He commented on Hav beiong a green carbon footprint, so maybe he'll be looking for an ESG director next, after the CFO.

Hydrogen - I think if Byrnecut get the right ground conditions, they may well be burrowing close to their limit of 24m/shift. This means that arrival @ the motherlode will be this year!! [@700m/month...4.5 months from May 12th looks like September 2021].
Sandeep is much more conservative [@ 250m/month] making the ETA: May 2022. (Bamps agrees with this).
I am going for 350m/month making it Jan 2022.

I know the emphasis is on the PFS being this Septyember, but I am not entirely convinced when I listen to SD. I have it down as September in the roadmap because they have said as such. I am going for October.

I am also taking a punt on the following (based on reports and presentations):
There will be:
Pre PFS: MRE(2)(Inferred) for SE Crescent, adjacent breccia and Northern breccia zone.
[This will assist with increasing the resource amount but will not be taken into account for the PFS (which will be based on the existing 4.2MozAuEq].
Post PFS (this year): MRE(Indicated) for SE Crescent and adjacent Breccia zones.
[This will ramp up the PFS amount significantly (I estimate 12 - 15Moz) and of course significantly propel the SP north.]. Comments on the batting order...greatly appreciated.

In the meantime... Goliath assays due and also on 22nd of this month: NCM June Quarterly due.

Busy times ahead and lots of juicy news, I suspect.
Z

My God. What an offer yesterday. Tiny window to purchase but, GGP have been so generous. My portfolio has just had another 2 zero's added to it. Thanks for the share offer Shaun.
Z

I love fresh bottom's.
Z

Mushroom: DFS, I would assume
Z