Solgold Share Discussion Threads

[onedayrodders] 01/10/2018 13:47

Does feel like we have the golden ticket now

:O)

[mirabeau] 01/10/2018 13:44

Everyone's now waiting to see what BHP do next. Very exciting and lots of news to come before year end

[lefrene] 01/10/2018 13:43

Next milestone is 40p on the bid, it would be good to see it this week.

[mam fach] 01/10/2018 13:40

Been steady buying last week too.
Glad to see new buyers seeing potential here.
Still not too late to join the party.

[onedayrodders] 01/10/2018 13:35

Love the action today ... nice 130k buy @ 37.93 seems to have got us moving

chocs away .. tally ho and all that stuff

;o)

[7rademark] 01/10/2018 09:34

Some large buy orders going through now, looks like wave 3 of a rerate is taking place I'm expecting 60p here and quickly. IMHO

[onedayrodders] 30/9/2018 10:03

Pinched form LSE

Thanks to sol1 on hotcopper. Stated within NM's LinkedIn profile.

The figures being touted are getting astronomical.

The company has a major world class tier one discovery at the Cascabel project in North Ecuador which promises to deliver up to 40,000,000 ounces of gold and 60 million tons of copper at relatively high copper and gold grades.

[mam fach] 29/9/2018 10:23

Next week could be interesting.
Might be the week we break through 40p.
Held up pretty well for Friday afternoon.

[mam fach] 28/9/2018 15:41

We only have 45 mins to find out.
One of us will be right!

[lefrene] 28/9/2018 15:39

And there I was thinking they were going for an end of week shake to get a bit of stock. :¬)

[mam fach] 28/9/2018 15:38

Spread of .20p. Must be ready to breakout.
Loads of buying.

[pob69] 28/9/2018 15:05

SolGold CEO: "High grades deliver independence" $SOLG.L $SOLG $CGP #ecuador

High copper and gold grades of the Alpala deposit are providing dual-listed SolGold with a level of independence in the development of the larger Cascabel project, in Ecuador, CEO Nicholas Mather said on Friday.

Responding to critics saying that Brisbane-based SolGold is too small to fund a project the size of Cascabal, he said in the company’s annual report, that the “extraordinary” high grades in the core of Alpala and the expected high grades in the nearby Blanca gold project would enable a “low capital, quick, highly profitable development”, which would provide “much of the capital required” for the Cascabel development.

“We are working on a conditional total funding package, which involves agreement of the funding parameters with financiers and offtakers now, at prearranged prices related to the net present value (NPV), rather than the share price and conditional only on the delivery of firstly, a feasibility study, secondly, appropriate permits, and thirdly, the necessary fiscal arrangements with the Ecuadorian government. That way the market and the industry will be able to see that the project is substantially derisked from an early stage,” Mather said.

SolGold is looking at starting in very high grades and gradually ramping up into a 40-million-tonne-a-year block cave at the high grade core grades of 1.5% copper equivalent.

The February 2018 mineral resource estimate for the Alpala deposit comprised 430-million tonnes at 0.8% copper equivalent in the indicated category and 650-million tonnes at 0.6% copper equivalent in the inferred category.

However, the size of the deposit continued to expand with the completion of “nearly every drill hole”. Recent drilling confirmed the core of the deposit to have uninterrupted true dimension of up to 750 m vertically, 700 m long and 300 m wide, at a cutoff grade of 1.5% copper equivalent.

SolGold has a target of 10-million tonnes of copper and 25-million ounces of gold in the next mineral resource estimate, scheduled for December this year. This could deliver an NPV of more than $4-billion and an internal rate of return of more than 25% for a 40-million-tonne-a-year block cave mine.

SolGold will follow up the second mineral resource update with a maiden preliminary economic assessment in January, followed by detailed feasibility studies in the resource evaluation, mine planning, process design and plant design, capital and operating cost estimates, environmental and community engagement in 2019.

“We expected to spend 2020 on permitting, final feasibility, financing and fiscal negotiations with a plan to get to a development decision by calendar-end 2020,” Mather stated.

Commenting on BHP Billiton’s $35-million acquisition of a 6.1% stake in SolGold, he said the junior was “obviously happy” to have its project, the copper market and management team endorsed by the global miner. “I’m assuming that is just for starters,” the junior firm’s CEO said.

Since BHP’s investment in SolGold, the junior’s share price has advanced about 80% on both the London and Toronto exchanges.

Australian gold miner Newcrest is the top shareholder in SolGold with a 14.54% stake.

0

[mirabeau] 28/9/2018 13:09

Mkt Cap £634m – Annual Report

SolGold have published their annual report today.
The report highlights progress made and further thoughts on the remarkable Alpala project at Cascabel in Ecuador.
The Q&A with Nick Mather, SolGold CEO is particularly interesting.
Mather is targeting 10mt of copper and 25moz of gold in the next resource estimate, a substantial target by any standards but one that may be achieved given the scale of the Alpala resource and massive mineralised drill sections coming out of the project in Ecuador.
Mather goes on to estimate that the resource may enable an NPV of >$4bn and an IRR of >25% for a massive 40mtpa block cave mine which would make it one of the world’s larger mining operations and put it firmly in the very special category of ‘world class’ mining projects.
The delineation of a high-grade core at Apala should allow for a lower capital project by block caving standards starting with grades of 1.5% copper equivalent according to the Q&A.
BHP’s recent purchase of 6% of SolGold shares in the market indicates its interest in the project and suggests an intention to get more closely involved as the project moves through its feasibility studies.
But SolGold is not all about Apala. There are multiple targets to be tested within the Cascabel license area which could see Alpala as just the start of a number of new mines.
SolGold has also been quietly working on the licensing of a number of new targets across Ecuador using knowledge gained from its work at Cascabel.
There is still much work to do in crafting a framework financial deal with the Ecuadorian government to enable the eventual development of Alpala and other similar projects but the government appears to be keen to open up to large scale mining.
SolGold reports a loss of A$21.5m for the year vs a profit of A$2.4m yoy.
The very substantial ramp up in drilling activity and administrative expenses led to an operating loss of A$15.9m vs a loss of A$8.3m yoy
The company.
The business has cash and cash receivables of A$81.8m indicating how well funded the group is to continue its exploration activities.
The report also describes the need for the 15% jv partner to continue to fund its share of activity at Cascabel or to be diluted according to formula as previously agreed.

Conclusion: The company looks set to continue to advance the project through PFS and onto a much more involved BFS in time supported by its new, expert shareholders at BHP, Blackrock and Newcrest who have been funding Cascabel for sometime.

*SP Angel act as UK broker to SolGold

[zeusfurla] 28/9/2018 12:45

Couple of quotes from Nick Mather's LinkedIn site which may be of interest.

'He has, during his career, been instrumental in capital raisings of over AUD$500.0 million and the return of AUD$5.7 billion to shareholders via takeover.'

'His record is underscored by migration to ultimate production of half of the major projects in which he has been involved at the discovery stage.'

[lefrene] 28/9/2018 12:43

The newly arrived gauche cowboy who seems to have a short negative message? Presumably a hireling from some entity that thinks it's worth spending a few bob on low level fud.

[jerryspaniel] 28/9/2018 12:15

When I was involved in the oil biz, we explored with equity and developed with debt. I hope that is the case with mining too.

As for the North American policeman...I think I will ignore him.

[mam fach] 28/9/2018 11:43

Think if we can break 40p it will be up,up and away.

[onedayrodders] 28/9/2018 11:32

The Canadian mounted28 Sep '18 - 07:52 - 13222 of 13245 (Filtered)

[onedayrodders] 28/9/2018 11:31

The Canadian mounted - 28 Sep 2018 - 09:08:46 - 13233 of 13245 SOLOMON GOLD: EXPLORING 100% OWNED SITES FOR 40M+ OZ AU; JV WITH NEWMONT MINING - SOLG
Be careful with thinking the share price will rocket,at the moment solg is overvalued at £500 million with no production.

The Canadian mounted - 28 Sep 2018 - 07:52:48 - 13222 of 13245 SOLOMON GOLD: EXPLORING 100% OWNED SITES FOR 40M+ OZ AU; JV WITH NEWMONT MINING - SOLG
Exploration to production with only £45 ainâ€482;t gonna cut it thicko.bhp will have to take this over.

The Canadian mounted - 28 Sep 2018 - 07:22:27 - 13220 of 13245 SOLOMON GOLD: EXPLORING 100% OWNED SITES FOR 40M+ OZ AU; JV WITH NEWMONT MINING - SOLG
Cash almost gone,more fundraising?


Oh dear .. another 50 pence a point shorter

[pecker1] 28/9/2018 10:55

The exercise of the 42m options will soon bring in over £10m, more than enough to finance full scale drilling of the nearby potential epithermal gold discovery at Blanca and the other epithermal prospects which NM wants to develop to "bootstrap" (translation into English: pay for the early development of) Alpala.

Re the share price/market cap, commodities are still in a bear market. Copper price has sunk 20% since August and gold price is severely depressed too. If today's context was a bull market for gold and copper I'd guess the share price/market cap would be at least double what it is now.

[lefrene] 28/9/2018 10:41

mam fach, I believe the whole reason for going on the TSX was to make the company kosher for Canadian Banks to lend to. It will take a huge amount of money to get to production, hence the MRE for the collateral and the PEA to quantify the money required. It may just be a tactic by NM, but by proving that Solg can viably go to production independently via Bank credit, and making steps in that direction raises the value for shareholders. Otherwise the company is a mere supplicant to the usual bullies, and will get royally screwed over. My money is on NM, the rare instance of a man at the top who really knows what he is doing, he's not just another stuffed shirt by a very long way.

[alwaysevolving] 28/9/2018 10:39

Mam Fach, remember that NM also thinks the company is “Terrifyingly undervalued”....

[jerryspaniel] 28/9/2018 10:38

With the number of employees at the sites, I am amazed that this company isn't more leaky. Compared to oil stocks, they are doing a terrific job. But as you say mamfach they cant afford to be anything but squeaky clean.

[mam fach] 28/9/2018 10:24

As with all companies you take your lead from CEO.
Have said before NM not put a foot wrong and I do have confidence.
But as soon as company is caught out in an 'untruth' i'm out.