Member Info for zoros

Evening BR - when is part 2 due?
Best
Z

Quote from their chat forum:
"... @bDMinefinder is about to become an even wealthier man. ..."
CGP MD&A is out - it seems they need to fund raise, soonest?
They also recognise that they still have to contribute 15% towards build costs on completion of the DFS. Approximately $400m. They state they haven't built this into their calcualtions for the financial report just out, because the building of the mine isn't confirmed yet?

Maybe this might crop up in the EGM?
(Are we buying a bigger chunk of ENSA?)
Z

Everyonesawinner - the 5% negotiations no longer have a deadline - they are formally in negotiations....it will take as long as it takes now.
Z

I have no cross to bear with anyone who posts their view on a forum - with respect for others and without resorting to vitreol. I don't have a view on the likes of Petejh, I read his input and absorb what he has to say. But he has never belittled others.
What is the purpose of attacking a poster simply because you don't agree with the content of that post? Would you be as vociferous in real life, face to face?
C'mon guys we're better than that aren't we?
Z

Wasn't the money 'lost' in accounting? IE: Someone was taking it over the 2017 to 2021 period?
Z

Maybe, just maybe, words out that the 5% has just been agreed..........hold tight greatland golders!
Z

On the other hand.....the SP is rising consistently these past few weeks, so something is brewing.
How's this for a fast ball, then: CGP have agreed to being bought out by Solg and the latter needs to raise cash to do this?
Fun and games.
Z

EGM's don't normally herald good news IMO. They are either discussing BoD changes and or asking for extra cash.
Before any of us heard of the misappropriation of funds recently, we were discussing how much of a financial runway they have. Some suggested we needed more money by end of the year, others - sooner.
Now that Solg is short(er) by $4,6 million (is it?) and they were looking shy by years end.......this EGM could well be a begging bowl!
Z

You're off again over on another forum spouting gibberish and wishing further bad luck on everyone.
What is going through your head that makes you desperate to post on another forum, to have a snipe at other investors and revel in their hardship due to a drop in its share price - when you don't own any company shares in the first instance?
Do you derive great pleasure in reading about other peoples misfortunes?
Are you really that sick to stoop that low?
Your family would shudder at the thought.
Please try and contain yourself and show some decency between fellow investors.
Z

BoD reconfiguration after misappropriation of funds.
Z

Thanks Ben.
Evening Bamps, 100% concur....which is why he put his head above the parapet and produced the MRE2. Great move if you ask me.....and before the cut off period, too.
But he does seem 'miffed' about this clause which suggests many of us will be disappointed with the fmv deal.
Ce la vie = let's move on, eh?
Z

Ben
You won't like this, Hydrogen disagrees with me too, but I believe/accept that the cut off period for assessment of the 5%, is Dec 15th 2021. Yes - scope for future resources has to be taken into account, it seems and this is why the negotiations have dragged on....... NCM don't want much to be considered, in this regard....GGP, naturally do!
I am going for between $65m and $95m I'm afraid, which is (IMO) supported by SD's concerns. He wants this behind him....soonest. He wouldn't be talking like this if he was expecting hundreds of milions.
You can't deduce a value based on "what is an unconfirmed resource".
I know I am not going to win over many PI's with this message......at the end of the day it's only my opinion.....and what do I know?
Z

Ben - now wouldn't that be nice!
All our prayers would be answered with that amount.
Z

who is zeros?
Z

We do have to sell this extra 5%. There is not an option to withdraw. which is why SD is grumpy about it. He wants this behind him to be able to shape the future of GGP - his way.
The arbitor will look at the two figures, choose one of them after due deliberation and the deal will then have 30 days to be prosecuted (by NCM).
GGP owes: $50m and $73m, so if the deal realises $123m, roberts your mothers brother!
Free ride to production!
Next news: 9th June (6 weekly update).
NCM quarterlies: 20th June.
Next mega news: 18th August: MRE3!

Anyone squirming yet...............
Z

Baldy - it is by invitation only - via Liam I believe.
See here for more info:
https://ggphelp.co.uk/
Z

Who knows Lunchmoney - they work in mysterious ways......................
Z

Valuation: GBp101/sh target price implies 225% upside
While we await the filing of the NI 43-101 technical report for the Alpala PFS,
due in ~10 days, we maintain our current valuation based on a 30Mtpa block
cave operation with an 8% WACC, US$8,500/t copper price and US$1,850/oz
gold price. This generates a ~US$4.23bn NPV on H&Pe and provides a
~US$2.85bn contribution to our SOTP (based on 85% ownership and 0.8x target
P/NPV). We add US$150m for SolGold’s vast regional portfolio and adjust for
net cash and outstanding options and warrants, to derive a GBp101/sh target,
implying 225% upside. On a like-for-like basis using the PFS assumptions of
US$7,934/t Cu and US$1,700/oz Au, our model implies a ~US$3.5bn NPV,
exceeding the ~US$2.9bn PFS NPV, with a similar IRR (21% H&Pe vs 19.3%
PFS). This gap is largely explained by the lower throughput and slightly higher
capital intensity, partially offset by better grades, as outlined in the PFS press
release on 20th April.

end
Z

TAM system remains open; Moran target adjacent to Alpala also mineralised
The full size and tenor of the TAM system has not yet been tested, with
mineralisation open to the south and east and at depth. Mineral Resources
potentially mineable by underground bulk mining methods comprise 172Mt @
0.35% CuEq and SolGold flag a higher-grade core contained within. Meanwhile,
upon completion of phased drilling at TAM the rigs have turned to Moran,
~1.5km from Alpala camp (see pg. 2), where exploration drilling of hole MOD22-001 is at a current depth of 414.7m. The hole continues intersect bornite and
visible chalcopyrite copper sulphide mineralisation from 19.1m to its current
depth. Whilst early stage, results would further demonstrate the size and scale of
the Cascabel property.

PFS NI43-101 expected shortly; optimisations later this year and DFS H2 CY23
Additional optimisations are being progressed for a PFS Addendum planned for
completion in H2 CY22 and the Cascabel project DFS is expected in H2 CY23.
These could include incorporation of TAM amongst other initiatives. Alpala
currently boasts an M&I Resource of 2,663Mt @ 0.53% CuEq with 9.9Mt Cu,
21.7Moz Au and 92.2Moz Ag of contained metal and combined with TAM makes
Cascabel currently the largest (and one of the most advanced) independently
owned undeveloped copper asset globally by our estimates. With an impending
copper supply deficit expected in the latter half of this decade, we believe
SolGold remains well poised as the project continues to develop.

cont'd

Open pittable resources could be key to Alpala development
With 30,892m of drilling from 41 assayed holes now included in the TAM MRE,
contained copper equivalent tonnes have increased by 145% in the Measured and
Indicated Resource categories to 1.89Mt at 0.36% CuEq. The open-pittable
portion has increased 94% to 1.28Mt CuEq at 0.36% (within 356.5Mt of
material). Optimisation studies of the potentially open pittable Mineral Resource
show a higher-grade internal zone containing 223.3Mt @ 0.41% CuEq which
includes an outcropping zone containing 28.0Mt @ 0.43% CuEq and 10.5Mt @
0.55% CuEq. Taking the PFS plant nameplate capacity of 25Mtpa, TAM could
offer 10+ years of feed, albeit at a lower grade of ~0.41% CuEq vs. Alpala’s 0.93%
CuEq in Reserves. The open pit mineralisation could also be developed in
tandem with the plant but prior to the Alpala cave to reduce peak funding
requirements.

cont'd