Solgold Share Discussion Threads

[davethehorse] 04/11/2024 09:28

Another pants day here

[cymrurrhydd] 04/11/2024 08:25

Geotechnical investigations at this stage????

What have they been doing this last 10 years?

They either need to be digging a mine now or selling this company.

Fiddling while Rome burns

[hazl] 04/11/2024 08:19

Post
Conversation
SolGold
@SolGold_plc
🌍We’re pleased to announce that geotechnical investigations are underway at Cascabel, bringing us closer to delivering this world-class copper-gold project! 🔗
#Copper #Gold $SOLG

[cymrurrhydd] 04/11/2024 08:16

8.13p this morning.

I don't think spamming the board with copy and paste rubbish is helping.

[hazl] 04/11/2024 07:43

Scott Caldwell, CEO of SolGold, commented: "Commencing the geotechnical drilling program is a key milestone in the Cascabel Project's timeline. The data collected will support our technical teams in finalizing the mine's design, helping us advance toward the Company's goal of delivering one of the largest multi-generational copper-gold projects in the world. The upcoming kickoff meeting with G Mining's technical team underscores SolGold's commitment to integrating top-level planning and sustainable development practices to deliver one of the world's largest copper-gold resources responsibly."

The Cascabel Project represents a high-grade copper-gold resource poised to meet the increasing global demand for copper over the coming decades. In recent months, SolGold has progressed multiple aspects of the project, including permitting and infrastructure planning, while strengthening relationships with local and national stakeholders. This geotechnical drilling phase adds to the momentum as the Company moves towards delivering a robust feasibility study in 2025.

SolGold is funded to deliver these objectives, following a recent gold-only streaming agreement with Franco-Nevada (Barbados) Corporation and Osisko Bermuda Limited. This agreement provides the Company with US$100m to conduct the planned work and studies required to complete permitting applications and the feasibility study, subject to specific provisions. The agreement further provides US$650m for development funding contingent upon conditions precedent and a Final Development Investment Decision.3

SolGold is advancing strategies to secure additional capital solutions to complete the remaining development funding. The Company is also exploring early-stage open-cut development of the Tandayama-Ameríca deposit to bring the Cascabel Project's copper-gold production forward by several years.

As SolGold advances its initiatives at Cascabel, the Company remains dedicated to fostering strong relationships with its stakeholders, prioritizing sustainable development, and delivering long-term value. The insights gained from the current geotechnical investigations will play a significant role in shaping the subsequent phases of project planning and execution. SolGold looks forward to keeping stakeholders updated as we progress toward establishing Cascabel as a key cornerstone copper-gold asset for the future.

[hazl] 04/11/2024 07:25

'SolGold plc (LSE & TSX: SOLG) is pleased to announce the commencement of geotechnical investigations at the Cascabel Copper-Gold Porphyry Project in northern Ecuador, marking an important milestone in the advancement of one of the world's premier copper-gold projects. The Cascabel Project's pre-feasibility study outlined a 28-year mine plan based on an updated Mineral Reserve Estimate of 540 million tonnes, containing 3.2 million tonnes of copper at 0.60%, 9.4 million ounces of gold at 0.54 g/t, and 28 million ounces of silver at 1.62 g/t. This represents just 18% of the overall resource defined to date and is based on metal prices of US$1750/oz Au, US$3.85/lb Cu, and US$22.50 Ag. With a capex of $1.55bn, the Project delivers a modelled after-tax IRR of 24% and an NPV8% of $3.2bn using a staged development strategy of 12Mtpa initial mining rate.1,2

The current geotechnical program includes both geotechnical drilling and refraction seismic assessments to gather important information on ground conditions and subsurface characteristics, contributing to a refined understanding of the site's geotechnical framework.

The initial phase of the geotechnical investigations program, including the drilling and ground geophysics, will focus on key infrastructure areas for the mine. Data collected will inform excavation design, ground support, and other critical components of the Project. This approach supports SolGold's commitment to industry-leading safety and operational standards and provides a solid basis for further engineering design and planning. Should visual mineralization or alteration be encountered, core samples will be assayed to ensure that the proposed infrastructure locations will not impede potential future resource expansion.

In conjunction with the start of geotechnical investigations, SolGold has scheduled a technical meeting in November with teams from SolGold and G Mining Services Inc ("G Mining"). This meeting will focus on collaborative planning and project optimizations, allowing both teams to align on objectives that support a streamlined approach to the engineering and construction phases. With a shared emphasis on efficiency, innovation, and sustainability, the teams aim to optimize foundational aspects to help position Cascabel as a major future copper and gold supplier.'

A step foward indeed.

[hazl] 04/11/2024 07:24

An important milestone.

[original fastjet] 03/11/2024 20:03

Look forward to the results Cymru
Not long now mate.

[cymrurrhydd] 03/11/2024 19:50

Trump to win- electoral college definitely, popular vote maybe.

Solg not to get back up to 12p until 2030.

You heard it here first.

[cymrurrhydd] 03/11/2024 19:39

You're right fastjet £4529 winnings.

£8000 at 8/13 on Sunday 20/10/24, paddy Power. Check my posts.

I didn't pay tax up front though so not sure how much thst takes off the final payoff.

PaddyPower aren't even taking bets on Trump winning now at all.

I'll be honest, if I lose that £80O0 I'm sunk.

But I won't.

Trump landslide. 312+. Electoral votes.

[original fastjet] 03/11/2024 19:35

Thought you were on for £4,000winnings Cymru??

[cymrurrhydd] 03/11/2024 19:05

Trump landslide.

£2529 profit for me.

More than makes up for my Solg (current trade only) losses.

[mknight] 03/11/2024 15:04

Harris now 2 point lead .

[davethehorse] 03/11/2024 13:48

Here, here....

[hazl] 02/11/2024 19:49

Five pounds?

[original fastjet] 02/11/2024 19:48

5p a share written all over this disaster of a company imho.

[hazl] 02/11/2024 19:00

Shares react before the event though CYM. Look at Close bank for that!They haven't paid any compensation yet it's plunge is astronomical!So we will work up to the shortage of copper and resultant price rise first then to demand increasing to where people are finding it more difficult to find supply. We remember what that was like during the pandemic when suddenly common products became scarce and therefore expensive!The big companies can afford the best advisors so this great resource will be bought up lm sure. However l admit this risk is there that they beat it down before it goes into different hands. Course you could argue it has already gone into a pitiful price ? So who knows?

[cymrurrhydd] 02/11/2024 18:10

Yes there is a very slim chance a bid could land... Hopefully whilst I'm still in.

However I wouldn't hold my breath. We are locked in to development and ultimately production... In 2030.

[mknight] 02/11/2024 16:38

Nobody wants to wait for the payday . It could come anytime .

[cymrurrhydd] 02/11/2024 16:26

Mknight Democrats tend to do most of the early voting so those results are always skewed... Hillary was ahead at the same stage.

As for Solg, yes the gold and copper is going nowhere, and if the worst comes to the worst I'll be here with you guys when this share starts to move again in 2030.

For the patient, there is a possible 20p exit point with a bid... More than a 100% upside from here.

I'd rather not wait 5 years though.

[cymrurrhydd] 02/11/2024 16:10

Trump.landslide coming.

312 electoral college votes.

Don't forget to congratulate me on Wednesday guys.