Solgold Share Discussion Threads

[mknight] 22/7/2019 22:07

Dmitri

It may be nothing but sooner or later it will move ...

It could be Bhp taking another chunk or permits have finally arrived.

[dmitribollokov] 22/7/2019 21:57

Yep, it’s about time McK!

[mknight] 22/7/2019 17:51

Could be a perfect storm ..

Plenty sitting on the sidelines with cash . Once they see it going they will jump in .

We could go up to 45p a 50 percent rise in a week.

[dmitribollokov] 22/7/2019 17:44

Yessir...seems like a statement of intent.

[mknight] 22/7/2019 17:42

If the wanted 3.5 and only got 1.25m then the price should rise tomorrow .

[goldrush] 22/7/2019 17:41

A Pnds 420,000 purchase does make a positive change !!

[dmitribollokov] 22/7/2019 17:38

Yeah - £1m quids worth on the bid 1.5p above mkt is fairly bullish...

[mam fach] 22/7/2019 17:33

Don’t stop @ 35p. Rerate long overdue.

[mknight] 22/7/2019 17:28

Its not really a surprise as SOLGOLD is too cheap .

Who knows

29p tomorrow or 35p

[dmitribollokov] 22/7/2019 17:10

3.5m bid at 30.5 at 1631. Nice...

[dmitribollokov] 22/7/2019 16:57

Wow, what’s that UT about? Bodes well for tomorrow if that’s how the ordee books matched up.

[mknight] 22/7/2019 16:45

Strange no UT

Large UT close 30.50

[pob69] 22/7/2019 14:35

Red Cloud broker comments following #cascabel update Solgold $SOLG $SOLG.L $CGP #ecuador

Impact: Mildly Positive...We continue to view Alpala as a world class
project which the company is actively improving with ongoing
development work.

[mknight] 21/7/2019 10:11

Lefrene

Until they have Cornerstone i do not think they will be talking about anything to do with Alpala .

But sooner or later it will come out and when the world wakes up to the potential then the share price will multiply x 10 very quickly and then somemore .

Its a waiting game .

Horrible as it is to see it drop most days i feel happy with my now large holding .

[lefrene] 21/7/2019 09:42

I find it odd that Solg don't seem to talk about the potential monetary value of their prospects. Using the $4.1 to $4.5 billion at 3% from the preliminary study and stretching that a bit for the latest drilling extention found at Alpala, there seems to be somewhere in the region of $150 billions worth of metal at near current prices. Anyone paying $4 billion for Alpala would likely see their money back at least 40 times over, over time as metal prices rise against fiat currency. If they got the whole of Solg for $4 billion then I guess there's a good chance of multiplying that 40x by a factor of 10.

[lefrene] 20/7/2019 13:33

With interest rates falling around the world there's also the prospect of yield hungry Banks looking for rapid return high yield projects. If Solg are correct in that their Alpala site start-up costs could pay for itself in four years of beginning production, it could be tempting to a big lender keen to see a positive yield in an era when negative interest rates are appearing.

[mknight] 20/7/2019 07:52

Spend will be the same as budgeted.

No rigs regional more Alpala .


Things may turn around when we get our permits hopefully before the end of August .

Blanca y Nieve we be first to be drilled imho. With high gold prices they may send half the rigs .

[1garythomas] 20/7/2019 04:10

With a very poor RNS. No results, now no news until maybe year end, looking like low 20s, all day long, NM doesnt seem interested anymore, and should step down, as for drilling permits, i said that the begining of the year 2020 at the earliest for them, and its looking that way, no upsates on cornerstone are they going to make an offer yes or no,further placement must be due this year.

[1garythomas] 20/7/2019 04:04

Again you would get a better return from the building society, then solgold shares, i said last week it was going to test 28.5 again, and the charts now look like testing 26p.

[mknight] 19/7/2019 16:16

I would have liked the share price to have go higher but i am happy to add at these levels while others sell .

It seems certain that the price is going down from here as no one is buying .

What a great time to bid 60p for Alpala .

[mikalan] 19/7/2019 15:44

Bloody Ridiculous!

I might make a cheeky £1 bid and see if RIO, BHP and co bite and start a bidding war.

[lefrene] 19/7/2019 14:14

Evidently the good news is not good enough?

[dmitribollokov] 19/7/2019 12:01

Solgold* (SOLG LN)

29.05p, Mkt Cap £536.4m – Expanding the drilling fleet to expedite the PFS

Solgold reports that it is expanding its drilling fleet at Cascabel to an expected 15 rigs by September in order to expedite the planned pre-feasibility study (PFS) for the Alpala project which is scheduled by the end of this year.
The company has drilled a further 68,354m since the completion of the mineral resource update in January 2019, bringing the total resource drilling to date to 216,552m, and now plans to incorporate this additional information into a further mineral resource update for inclusion in the PFS.
The January 2019 update identified an indicated resource of 2.05bn tonnes at an average grade of 0.41% copper and 0.29g/t gold (0.60% copper equivalent CuEq) using a 0.2% copper equivalent grade cut-off. In addition, 900mt of inferred resource was identified at an average grade of 0.27% copper and 0.13g/t gold (0.35% copper equivalent.
Today’s announcement says that infill drilling is targeted at bringing a “Large additional tonnage … into the Indicated category of the resource” implying that a part of the 900mt of inferred resource is likely to be upgraded, which would allow its inclusion within the mine plan in terms of Canada’ Ni-43-101 protocol.
Some of the drilling is also being deployed to target “extensions to high-grade outliers peripheral to the main deposit … . High grade outliers currently still not closed off by drilling, occur at Alpala Northwest, Alpala East, and Alpala Southeast, and demonstrate potential for further growth in the existing high grade resource tonnage. Follow up drilling is designed to infill and improve grades in the existing resource base”.
“Recent discoveries of previously unknown higher grade (>1.5%CuEq) and medium grade (>0.7% CuEq) mineralisation intersected within existing low grade Inferred Resource areas at Alpala highlight potential for upgrades to the existing resource base at Trivinio (Hole 93), Alpala North (Hole 75), Alpala Northwest (Hole 86), and Alpala South (Hole 89) and Alpala north east (Hole 106).”
The previous resource work has identified the presence of a higher grade core to the mineralisation at Alpala (810mt classed as indicated averaging 1.03% copper equivalent plus 150mt of inferred material at 0.65% CuEq at a 0.45% CuEq cut-off) and, on the assumption that this higher grade zone will underpin a future mine development, significant expansion to the grade and/or tonnage of this part of the deposit should be particularly beneficial to the economics of the project.
As well as the infill drilling, Solgold is aiming to increase the overall resource base by targeting the Alpala Northwest, Trivinio, Alpala North, and Alpala Southeast areas to extend the identified mineralisation. The company highlights the “potential for resource extension in the Trivinio section of the deposit is bolstered by the Hole 93 intersection (862m @ 0.43% CuEq), 520m of which lies outside the existing Inferred Resource area”.
In addition, Solgold reports that “Despite further drill testing of extensions, the Alpala North targets are still open to the north, as shown by Hole 75 intersection (1918m @ 0.53% CuEq), 288m of which lies outside the existing Inferred Resource area … [and that] … The newly identified Alpala Southwest area also presents a significant target now being tested by Hole 114.“
In addition to the resource drilling, as part of the PFS, the company is also drilling for geotechnical, hydrological and metallurgical data as well as sterilisation drilling to ensure that no potentially economic mineralisation is rendered inaccessible as a result of the project development infrastructure.
The company’s Preliminary Economic Assessment (PEA) for Alpala, released in May, describes a number of development possibilities based around bulk underground mining using block-caving at rates between 40mtpa to 60mtpa. We note that the announcement earlier this week from Rio Tinto that it was extending the schedule for its Oyu Tolgoi underground block caving project in order to study some of the geotechnical aspects of a similar block caving operation, planned to operate at around 35mtpa, in greater detail, underlines the importance of a detailed geotechnical and hydrological understanding of the orebody characteristics for successful block caving.
Solgold’s PEA shows “Net Present Value ("NPV") estimates range from US$4.1Bn to US$4.5Bn (Real, post-tax, @ 8% discount rate, US$3.3/lb copper price, US$1,300/oz gold price and US$16/oz silver price) depending on production rate scenario.” The company expects “Pre-production Capex … [of] … approx. US$2.4B to US$2.8B, and total Capex including life of mine sustaining Capex of US$10.1B to US$10.5B depending on production rate scenario.”
In addition to the accelerating work at Alpala, Solgold’s wider Ecuadorean exploration programme is generating a number of early stage successes with follow up targets identified at the Porvenir, Chical, Cisne-Loja and Rio Amarillo prospects so far this year.
Conclusion: Solgold’s more recent drilling at Alpala is to be incorporated in a further mineral resource update as part of its PFS work. Work is concentrated on upgrading some of the inferred resources as well as following up known extensions of the mineralisation and on identifying the higher grade areas. We look forward to the PFS later this year.

*SP Angel acts as broker and advisor to Solgold. share price Angel have raised funds for SolGold on eight previous occasions.