Solgold Share Discussion Threads

[onedb1] 13/8/2018 07:17

You would think that would be the case .

[mrpiggy] 13/8/2018 07:09

RNS. Surely this one sends us North. Exceptional assay results from recent infill and extension drilling at Alpala Central reveal a far more robust high-grade core than previously modelled.This will have the majors drooling, let's see if Mr Market agrees.

[pob69] 10/8/2018 13:55

This current article should interest shareholders in prospective tier 1 copper/gold explorers, such as $SOLG and $CGP with Cascabel in #ecuador potentially meeting the criteria set out by Barrick's Executive Chairman;

"...The plan includes increasing its portfolio of so-called tier 1 assets over time, and gradually shedding anything that’s not tier 1 or deemed to be “strategic.” The former Goldman Sachs Group Inc. executive defined tier 1 assets as mines that can produce at least 500,000 ounces of gold a year, have a mine life of more than 10 years, and are in the best half of the cost curve."

[mrpiggy] 10/8/2018 09:58

I stuck my snout out and called the bottom yesterday on ARS markth126, we will know today if I’m right but looking positive already.
I have no doubt we will be rewarded on both but I would have to say that SOLG has been a great share for me and given time we will be massively rewarded on both.
We all make our own judgement calls but I think you will find you have made a huge huge faux pas on ARS lefrene but I do respect your decision.

[markth126] 09/8/2018 20:11

Mr p, I am certainly feeling your pain over at ARS and here but I'm learning this patience game and hopefully it will be well rewarded in time..

[lefrene] 09/8/2018 14:12

I'm fine thank you Mrpiggy, there does appear to be some labour unrest in Chile and in Indonesia apparently. I don't know how far ahead end users purchase their raw requirements, or what percentage of material turnover they hold as a buffer stock. I suppose as with so many other things nowadays there's a tendency towards just-in-time supply? If so then slumps and spikes in the price will be normal.

I had a quick look at ARS, it's not going on my list! So good luck with that one.

[mrpiggy] 09/8/2018 13:04

Hi lefrene, I hope you are keeping well. It sounds like there will be strike action in Chile which should stimulate copper prices again. Meanwhile it's tin hat time here and especially over at ARS where we are being bombarded by large sells on a daily basis and we are tanking on fab news. I've had to put the sty underground with reinforced concrete to sit this one out!

[lefrene] 09/8/2018 10:05

I might be a tad early but it looks as if copper might be on the rebound? A surge in copper prices would raise sentiment here.

[lefrene] 06/8/2018 13:36

An interesting article pob69, did the Chinese go in there 'heavy handed' as they seem to do in Africa? Many Chinese projects do seem to insist on a large Chinese work force especially at a skilled level, and leave just the crumbs to the locals. Perhaps an opportunity for Solg to offer management expertise? Or a few years from now when some projects have come to fruition, it could be bought?
Plainly the Ecudorean government wants and needs mining to become a substantial and prosperous business, so maybe this is an example to encourage others to be more inclusive in their dealings with native tribes?


No point in bringing out any good news until the big guns are back from their holidays, so I presume it will be quiet until at least the end of this month.

[pob69] 03/8/2018 18:49

Solgold places a huge emphasis on creating positive relationships with local communities as detailed at

Whilst nothing is 100% risk free for $SOLG or $SCP or indeed other explorers/miners in #ecuador, it's worth checking out this report to demonstrate when things can go in the wrong direction.

[pob69] 03/8/2018 15:47

An interesting OT article about $SOLG CEO Nick Mather.

Where does he find the time though added to his philanthropic commitments (see Solg share sale at end of June), it suggests a bloke at the top of his live, work and play game...

[mrpiggy] 03/8/2018 10:06

Good work pob69

[pob69] 02/8/2018 15:18

From 2/8

Interview Malcolm Norris CEO, Sunstone Metals
($STM.AX) and ex-CEO $SOLG.L looking at his project with $CGP in southern #ecuador plus views of copper and gold sector.

"More buzz by Australians for Ecuador as a mining juristiction compare to those in Canada" mentioning $SOLG specifically by presenter at this Noosa conference last month.

[pob69] 02/8/2018 15:18

From 1/8

Interview with founder of $CGP (and now just investor), Glen McKay with mention of $SOLG $SOLG.L

".....one of the majors will buy out the current #cascabel owners"



But Dyno Nobel Labrador Inc was not Glen McKay’s first foray into the mining industry. In 1997, he co-founded Cornerstone Capital Resources Inc, a mineral exploration company best known for its Cascabel copper-gold project in #Ecuador, which was acquired in 2011 during his tenure. While McKay was with Cornerstone, he served as president, chief executive officer and vice chair. He still owns shares in the company and keeps a close eye on its activities.

On July 13, 2018, Cornerstone released an update on the exploration program at its Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador, in which the company has a 15% interest financed through to completion of a feasibility study. Cornerstone has several other projects in Ecuador and Chile.

“The Cascabel project increases in size with each round of drilling and an aggressive drilling campaign continues,” McKay posted on LinkedIn. “I think that they are probably 18-24 months away from a feasibility study, but I also expect that one of the majors will buy out the current owners (SolGold and Cornerstone) before then.”

$solg.l owns the other 85% of Cascabel and is funding 100% of the exploration as the operator of the project. Cornerstone is spinning off its assets (except for its interest in Cascabel, shares of $solg and the joint venture with the Ecuadorian state mining company) into a new company called Cornerstone Exploration, which will own several drill ready projects in Ecuador and Chile. Cornerstone will be re-named Cascabel Gold & Copper.

[pob69] 02/8/2018 15:17

From 31/7

Builing on the above - is this the first time in writing we have seen a date for $SOLG $CGP Cascabel starting in #ecuador (backing up an interveiw Nick Mather gave to BRR on video 10/17)

SolGold will launch its Cascabel gold-copper project, located 180 km north of Quito in Ecuador, in 2021, SolGold exploration manager Jason Ward said Monday.

The main goal of SolGold's 2018 program is to expand the virgin resource at the Alpala deposit, one of the 15 porphyry targets on the 50-square-kilometer plot of land.

The company expects to have the feasibility study ready by 2020, which will focus on the Alpala deposit, where an estimate published in January details that Alpala contains an indicated resource of 430 million tons with 0.5% copper and 0.4 grams of copper. gold per ton (or 0.8% copper equivalent) plus 650 million tonnes inferred with 0.4% copper and 0.3 grams of gold (or 0.6% copper equivalent), using a lower cut grade of 0.3% copper equivalent. That equates to 7.4 million tons of copper and 12.3 million ounces. it contained gold in all categories.

The core of the highest deposit law contains 120 million tons with a grade of 1.8% copper equivalent.

"The drilling we are doing now is focused on high-grade resources, and the high-grade resource is growing," says SolGold CEO Nicholas Mather.

An economic evaluation could be ready this year and a pre-feasibility study in 2019, Ward said. SolGold, also looking for an independent firm to manage the studies and would soon be announcing the winner of its selection process.

Cascabel has a relatively favorable location in terms of infrastructure, elevation and water supply. The project has access to low-cost hydroelectric power, is three hours north by road from the capital Quito and 180 km from deep-water ports, and at a moderate altitude, according to Andean standards, from 600 to 1,800 meters.

Ecuador expects to obtain more than US $ 1 billion in revenues in 2018, mainly through mining exploration and mine development. In a statement, the Mining Ministry said revenues would be generated by 300 recently approved mining titles, as well as royalties from production.

[pob69] 02/8/2018 15:16

From 30/7

July comprehensive review of mining in #ecuador with specific mention of $SOLG (though no mention of windfall tax removal)

...the most important mining news is without a doubt the extraordinary results of the Cascabel project of Australian company SolGold, which indicate the existence of a world-class porphyry copper-gold deposit that, according to experts, is only discovered once every 10 years around the world.

According to SolGold, the investment required to develop the Cascabel project is projected (using a conceptual economic model with a processing capacity of 40MTPA using the block cave mining method) at US$3 billion capital expenditure, comprising one-third equity and two-thirds debt. An investment of this magnitude would surely affect the GDP of Ecuador, creating new jobs and fostering economic growth, especially in the provinces of Imbabura and Carchi, where the project is located, and in the province of Esmeraldas, home to the port used for exporting the mineral.

[pob69] 02/8/2018 15:15

From 30/7

"The Investment Reporter" (Canadian Investor Newsletter) visited #ecuador in May and $SOLG with others mentioned in June letter. Further coverage behind paywall.

Ecuador is an attractive investment destination
A recent site visit to Ecuador (April 29 to May 4) highlighted the importance of being a first mover in an emerging and highly prospective district ripe for discovery. The four companies visited were INV Metals Inc. $INV Lundin Gold Inc. $LUG Lumina Gold Corp. $LUM and SolGold PLC $SOLG. All have amassed large and strategically important land packages in relatively under-explored parts of Ecuador.

Of the four, INV Metals is the only explorer and Lundin’s Fruta del Norte mine the only project in construction. Lumina Gold and SolGold are advancing projects at the pre-development stage.

We are fast finding favour in Ecuador as an attractive mining investment destination, offering untapped exploration upside. Major companies such as Newcrest Mining Ltd. (ASX—NCM), Anglo American plc (LSE—AAL), Fortescue Metals Group Ltd. (ASX—FMG), First Quantum Minerals Ltd. (TSX—FM), and BHP Billiton plc (LSE—BLT) are actively seeking investment opportunities in juniors with significant land packages along mineralized trends. There are US$4 billion in mining investments expected by 2021. Ecuador is also known to have good infrastructure, cheap power and a willing workforce.

Pioneers to watch
SolGold: Systematically exploring copper-porphyry opportunities (e.g. Alpala, Aguinaga and other priority and highly prospective targets. A PEA is expected in the second half of 2018, $CGP
INV Metals: Permitting (anticipated in the third quarter of 2018) 1.3 kilometres of development to provide access to mineralization.
Lundin Gold: Construction on track (first gold pour anticipated in the fourth quarter of 2019).
Lumina Gold: Finalizing significant earn-in agreements with First Quantum and Anglo American on exploration concessions. The Cangrejos project preliminary economic assessment (PEA) is anticipated in the second quarter of 2018.

[pob69] 02/8/2018 15:14

from 29/7

New coverage restating much already known from other recent articles; Some further takeaways:

"$SOLG had about US$70 million cash mid-year to continue progressing its projects at pace as it aims to build a copper-gold company."

“While Cascabel is excellent in its own right and the company is undervalued on that basis alone, there is considerably more upside offered by the other 10 #ecuador projects that we’re working on at the moment.”

[pob69] 02/8/2018 15:13

From 24/7

I wasn't aware of this campaigning group focused on protecting #Ecuador rainforests hxxps://rainforestactiongroup.org

There's some valuable material available including a map highling concessions and protected areas (appears to be some minimal overlap in terms of Solgold holdings but not neccesarily for others)

Summary about $SOLG

This site is hosted by the Melbourne Rainforest Action Group who state "that given the track record of a number of past mining operations that current Solgold directors have been linked to, it is not beyond the realms of possibility that mines explored and developed by Solgold in Ecuador could be
a catalyst to a host of environmental and social disasters that have befallen mines in many overseas countries."

[pob69] 02/8/2018 15:12

I post on CEO.ca as pob and I've been kept busy for the past week so I thought I would copy those articles on here as well for UK investors not registered there;

From 24/7
Interesting that recent radio silence has clearly ended with yesteray's and now this new $SOLG interview (timing of this suggests more news, maybe funding or major drill results, could be imminent?):

CEO Nick Mather views the discovery of the company’s flagship, majority-owned Cascabel project in #Ecuador as “the first of many”.

"...something could come along that becomes a higher priority that Cascabel"

..."We've got an emerging ‘go for gold' strategy," Mather explains.

..."We have started investigating development and financing options available to the company, such as a conditional total funding package, Mather said.

...."We have US$70 million cash mid-year to continue progressing its projects at pace as it aims to build a copper-gold company."

"We're creating an integrated copper-gold exploration, appraisal, development and producing mining company - although we're not at the mining stage yet,"

hxxps://www.mining-journal.com/resourcestocks-company-profiles/resourcestocks/1343068/solgold-set-to-shine

[onedayrodders] 02/8/2018 14:48

Thought this was a rather good summary from another board ..

"There's been a lot of conjecture on this board about imminent bids/takeover etc, which simply isn't supported by the facts surrounding the company.

Jason has gone on record and essentially said "now is not the right time", he hasn't made this up or said it off the cuff, it's come from the main man (NM).

The BHP offer early doors was an attempt at a midnight ram raid, the offer was pure and opportunistic, it was rebutted out of hand, the significant raise and continued institutionalisation of the register, was a pre-emptive move by Nick to essentially block any such event happening again, the free float is so small, any offer from now on in would need to reflect fair value to please the big boys on the register.

The likes of Blackrock are not interested in a quick return on capital, this isn't a punt for them, as Mr Soros says, identify grade A opportunities/world class resources and get in early, have the resolve to see them through. We all know the stock market is a mechanism that moves wealth from the impatient to the patient, yet so many PI's want the scone, jam and cream tomorrow. If you want short term returns, you should be trading, investment is a long game. Timing the market is less rewarding than time in the market.

As I noted the other day, SOLG is years from production, I still do not believe it it will get there, but it may well take 18 months to 2 years, to evidence sufficient tangible data to achieve true value and believe me Nick won't be selling out for anything less.

I'm very very content with jam tomorrow as I know the jam aint going anywhere, the timeline is near perfect for a shortage of copper supply and increased demand, whilst a further global recession isn't off the cards, the mine life will transcend such economic cycles, we all know what happens to the price of gold during a general downturn.

It may yet be fully evident, but Cascabel is without doubt a world class asset in the making, with undoubtedly more to follow form the worlds most prolific copper belt, I see very little downside to the current Mcap/SP."

ATB

[lefrene] 01/8/2018 14:01

I see Trump is now talking 25% tariffs on a range of Chinese imports. I suppose the man likes to 'wheel and deal', gamesmanship in pursuit of an edge, but I speculate that the Chinese will seek to regain 'face', and further speculate that they might go after natural resources? What better way to confront a difficult trader than to control basic resources. I wonder if any of those mentioned 12 interested parties are Chinese?

[kyoquot] 31/7/2018 17:04

At least green makes a change from red.

[alwaysevolving] 31/7/2018 11:03

Well there is the bounce. Question is will it now hold?

[alwaysevolving] 30/7/2018 21:42

Bounce from here is my bet?!