Member Info for zoros

Oh dear - that's two LTH's who have forgotten the word 'humble' today!

Because someone 'believes' themselves to be a LTH it doesn't give them the right to assume a position of superiority based on their holdings.
Large holdings do not a philosopher make! And neither does 120+ recommendations either!
Perhaps LTH should stand for:
Listener.
Teacher (communicator of facts).
Humble.

Let's all remember this: there is no proven correlation between wisdom and the size of one's holdings. We all started with the same credentials (money/hope/prayers).

People mean well - occasionally it gets lost in the background noise.....

Let's be careful what we post on here.....so many hang off every word.......
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Quady - what is wrong with his link?
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why are people second guessing issues surrounding the election?
Paulus57 has posted a link all about it????
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Petejh.
NCM tabulate their moving AISC rates in some of their annual reports.
Here is their latest one from late 2020:
Page 43 onwards.
https://www.newcrest.com/sites/default/files/2020-10/201005_Newcrest%20Annual%20Report.pdf
I read somewhere that their latest update for their fleet AISC ranges between $136/Oz for Cadia, through $800 for Telfer (and rising as throughput declines) to $1400 for others.
It's a tricky one to pin down with too many moving parts methinks?
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I love pictures!
There's even torrential rain stop play (just as they have had in real life recently).
This is an example of what is happening guys........................
https://www.youtube.com/watch?v=eHWHwt3kt3Y&pbjreload=101
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You there gold5?
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Morning MFU - Yes the 33p represents the 4.2AuEq already reported.
From their research note of 10th Dec 2020:
"....Outside of the current resource shell, mineralisation still remains open in multiple directions with four target regions identified: (1) Breccia Zone and South East Crescent, (2) Northern Breccia, (3) North West Breccia and (4) the Eastern Breccia. With a significant part of the mineralisation footprint still not covered by the maiden resource, we still see significant potential for the resource to grow upon completion of further planned drilling. The 2021 drill campaign at Havieron will focus on both infill and step out drilling and thus the resource is highly likely to grow significantly in our view. ..."
They have suggested that Hav in total would be more representative of around 12.5Moz taking the above comment into consideration. This 'should' raise the SP to atleast 66p, they go onto say.
In 2021 - we will receive an MRE2 and possibly an MRE3 reflecting updates on the remaining crescents and breccias.
This will where (IMO) the stock should reach the Hannam figure of 66p+.
Later this year we will get the PFS - hopefully crystalising a further rise in value.
Provided NCM remains happy with progress - production will commence once the decline reaches the ore body @ 420m in depth (2.7Km in length)...around mid to late 2022. The SP should benefit on the back of this.
I think Mickey quoted £1.44 for a laugh ...several months ago......sometimes, truth is stranger than fiction!
The best bit about all of this is that this is actually physically happening. This is no longer a pipe dream, it is physically happening right under the glare of satelites. The gold in the ground has been proven up. 4.2Moz AuEq is the base line! There has to be more by definition of the resources that have yet to be assessed in the unchartered areas. This tenement will keep giving up its riches day by day and to sweeten the journey...gold and copper will continue their inexorable climb. [There is enough copper @ Hav to pay for a significant chunk of recovery costs remember]. There is a processing plant on standby...waiting for Hav!
And all of this is happening at breakneck speed.

I'm going to sit down now in a dark room and do some mindfullness, I think............

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Hi Viking - seems so. I'll pop in tomorrow, see you then
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For those newbies amongst us, we occasionally get this infestor who changes his name occasionally. He uses an autobot and LSE Admin can't seem to stop it. He appears during the weekend.
His original name was Miagi many moons ago and he has it in primarily for Quady from the Solg BB but also has a vendetta against the LSE admin staff who he thinks are corrupt.

The way around it is as follows:
1. Highlight his name, copy and paste his name into the filter box and select filter. He appears as a green line forthwith. Continue with normal activities thereafter and he is ignored.
2. If you choose not to ignore or filter him, please do the rest of us the courtesy of not responding to him because we still have to read your replies....which ruins it for us.
Try it....
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umgenuberbung -
https://www.hannam.partners/disclaimer/
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You did ask!

andrbea -
as Magic said...the initial scally results were.....pants! More gold in his fillings! And of course you only have to look at the grades to confirm that...almost dirt.
He also mentioned that we should not hang our hats on the next drill results from the same area...they need to drill below the Wilki layer and into the punta punta (don't you just love these names!), to test the same sort of territory that was @ Hav. That is why they may persist in this location I guess. Let's hope the MM's don't expect miracles too!
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You're welcome DBW.
Note
The previous note of 23rd December shows that they have pushed production back to 2027 due to Solg's ongoing delays. They also reduced their projected SP by 17% to this current figure of 105p.
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The stock has risen: 2300% during Nm's tenure of 13 years.
The stock is expected to be a 3 bagger based on today's share price.

Footnote:
Source: H&P estimates. Note: *we apply a 0.8x risk-weighting to our attributable Alpala DCF estimate to account for the project’s being at a pre-PFS development stage. For simplicity in our analysis we assume that 85% or the DCF value of Alpala is attributable to SOLG and that the minority shareholder, Cornerstone Capital, contributes its 15% share of capex and therefore is not diluted to an NSR royalty. We include US$100m in royalty funding from Franco-Nevada Corp in our cash flow from financing in FY21E, net of an assumed 6 months of interest on the US$15m cash advance drawn by SOLG in May 2020. We do not assume at this stage that SOLG will take the option of increasing the FN royalty to US$150m for 1.5%, and as such it should be noted that SOLG has US$50m in further funding available to boost its cash balance in 2021E. We have adjusted SOLG's attributable FCF from Alpala for the fact that the minorities will not bear any of the cost of the FN royalty.
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Alpala PFS likely around end Q1; stock remains at steep discount to DCF value.
As outlined in our Dec 24th update, our DCF model for Alpala is based on the “50Mtpa –fast” scenario, as presented in SOLG’s 2019 PEA,with adjustments made to the initial capex budget (H&Pe ~US$2.94bn) and grade profile to account for revisions to the underground design flagged by the Company on the back of the latest geotechnical data. SolGold indicated late last year that the PFS wouldbe drafted and submitted to the Board for approval by around the end of this month, which suggests to us that the final PFS report should be released to the market around the end of Q1. This is to be followed by an “updated PFS”, incorporating further data, ahead of the DFS. Our Alpala NPV remains US$4.2bn, using an 8% WACC, $7,000/t long-term copper price and US$1,950/oz long-term gold price. Applying a target multiple of 0.8x and adjusting for potential dilution from outstanding warrants/options, this translates to a target price of 105p/share, ~208% above the current share price.....END

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Global search for CEO with LatAm exploration and construction experience.
While Tuesday’srelease makes clear that there will be no change in SOLG’s regional exploration and discovery strategy, in addition to this, we note the Company intends to appoint a candidate with experience in “the construction of large copper-gold porphyry mines in South America, development financing and executive corporate management”. This is sensible, in our view, with a Pre-Feasibility Study due imminently at Alpala, to be followed by a Definitive Feasibility Study and construction financing in due course. In addition to the split AGM vote in December, the project is, in any case, entering a more active development phase, and as such we believe 2021 marks a natural point at which to renew SolGold’s executive leadership team....(cont'd)

SolGold New leadership to drive next leg of value-creation.
Nick Mather stepping away from CEO role.
SolGold announced on Tuesdaythat Nicholas Mather will stepdown from his current position as CEO on 31stMarch 2021but will remain on the Board as a Non-Executive Director. In his 13-year term leading SolGold, Mr Mather’s visionary explorationstrategy in prospective frontier regions has generated a strong portfolio of high-potential development assets across Ecuador, including the flagship Alpala project.The company will continue to benefit from his expertise and robust approach to protection of shareholder value through his Board position. Keith Marshall, currently an Independent NED, will become interim CEO from 1stApril while the search for Mr Mather’s replacement continues.Necessary & positive step, likely to be well received by strategic shareholders While Mr Mather continued to have support from the majority of shareholders –especially outwith large strategic stakes held by other corporates (BHP, Newcrest, Cornerstone) –the sizeable 44% vote against the CEO appointment at the December 2020 AGM made his position somewhat untenable. Therefore, we view Tuesday’sannouncement as a necessarystep, providing an opportunity to reset relationships between the management team and the Company’s largest shareholders, whilst continuing to target value-maximisation for the remainder. Specifically, we believe a new CEO with broader shareholder approval should be more able to ensure optimal funding structures in any futurecapital raising strategies, or could potentially accelerate the delivery of value through a corporate transaction.......................................(cont'd)

Has this been advertised recently?
You have to subscribe - so for those who can't/haven't/won't...I will cut and paste imminently.

Quady...7 recommends recently....congrats, mon amie!
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HFG - this was advertised this morning I believe..possibly by Hydro
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https://www.ii.co.uk/
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Hi Quady - not sure what your reply means?? I was talking about build cocts for alpala being around $5Bn rather than Solg's advertised $2.8Bn?
Zt