Solgold Share Discussion Threads

[jimbobaroony] 07/4/2020 07:52

The section towards the end.. Reasonable Prospects for Eventual Economic Extraction didn’t sound totally positive . This may be as I have no idea about mining.

[banksy] 07/4/2020 07:51

So looks like they've delivered an extra 10% ish on MRE2 on copper and gold, with the silver thrown in as a bonus, the way I read it!

[mknight] 07/4/2020 07:50

Good morning

Difficult to put a price on such wonderful news . Probably better to let the market decide exactly how much more the company is worth having added billions to its value or be it still in the ground .

[jammytass] 07/4/2020 07:47

re rate on cards!!!!

[markth126] 07/4/2020 07:43

I liked it too but thought everyone had disappeared as no comments until 741am. I think it's a cracker, and conservative by the sound of it...! Well done solg. Now get your hands in pockets directors

[jammytass] 07/4/2020 07:42

Chief Executive Officer, Nick Mather commented, " We are delighted that, following a significant drilling effort at the Alpala Deposit, the Company has been able to release its third and improved Mineral Resource Estimate. This significantly increases our confidence that the economics identified in the PEA are achievable and are based on a bankable porphyry orebody. The increase in Measured and Indicated Resources, which contains almost 22 million ounces of gold and 92 million ounces of silver as a by-product, to about 10 million tonnes of copper, coupled with favourable metallurgy and concentrate quality provides a robust platform on which to base our forthcoming PFS.

[jammytass] 07/4/2020 07:41

wow what a rns 50p very soon

[jammytass] 07/4/2020 07:40

Alpala Deposit Mineral Resource Update



Following a further 83,650m of infill drilling since the previous Mineral Resource Estimate (MRE#2) reported in November 2018, the Company has been successful in delivering the conversion of considerable tonnages into the Measured Resource category, plus the addition of 1.6 Mt Cu, 2.5 Moz Au, and 92.2 Moz Ag (not previously estimated) to Measured plus Indicated Mineral Resources.



Increased drill hole density throughout the deposit has also yielded a dramatic increase in the confidence and economic viability of the Alpala Mineral Resource. The Mineral Resource is constrained within a 3D Underground Optimised Shape (UOS) and as a result a large percentage of the Mineral Resource is expected to be converted to Mineral Reserves following completion of the Pre-Feasibility Study ("PFS") currently underway.



Highlights of the latest Alpala Mineral Resource at 0.21% CuEq cut-off grade:

· Mineral Resource of 2,663 Mt @ 0.53% CuEq for 9.9 Mt Cu, 21.7 Moz Au and 92.2 Moz Ag in the Measured plus Indicated categories

· Mineral Resource of 544 Mt @ 0.31% CuEq for 1.3 Mt Cu, 1.9 Moz Au and 10.6 Moz Ag in the Inferred category

· High-grade core of 442 Mt at 1.40% CuEq for 3.8 Mt Cu, 12.3Moz Au and 33.3 Moz Ag in the Measured plus Indicated categories supports early cash flows and accelerated pay back of initial capital as identified in the November 2019 Amended and Restated Preliminary Economic Assessment ("PEA")

· At a cut-off grade of 0.20% CuEq, applied for comparative purposes, the MRE#3 update has added 1.6 Mt copper, 2.5 Moz gold and 92.2 Moz silver (with silver not previously estimated) to Measured plus Indicated Mineral Resources providing a solid resource basis for the Company's forthcoming PFS

[ntbb] 06/4/2020 20:51

Perhaps saudi pif should take stake on solg



hxxps://reut.rs/39TJ0Ug

[mknight] 06/4/2020 20:16

Well someone is buying millions is this just the start ?

Cant believe the buyers will stop anytime soon .

[ntbb] 06/4/2020 20:14

Look at the gold price, it must be tempting for .majors to grab this now or pay a huge premium later on

[mam fach] 06/4/2020 20:12

Could easily break 20p tomorrow.
Sooner or later we will find what is driving recovery in price. Not complaining though. GLA

[rougepierre] 06/4/2020 18:58

525,000 late bargain at 17.04 priced at 18.03p..."negotiated trade in liquid securities"...NLIQ

Some huge trades today...are any of them the Directors' buys...hopefully a RNS tomorrow

[mknight] 06/4/2020 17:06

Lefrene

Probably if they buy 50000 the price will go up 50 % like the other day .

I think we are go for news tomorrow .

[lefrene] 06/4/2020 17:05

But why don't they use the TSX?

[arcadian] 06/4/2020 16:58

Still think that my thesis is tenable in that we continue to see afternoon rises which I believe come from across the Atlantic.

[mknight] 06/4/2020 15:40

Rougepierre

Maybe they dont want to give the shares away they gained today .

UT..18.40

[rougepierre] 06/4/2020 15:34

17.72/18.48 in 100k

No trades between 14.49 and 15.17...very odd...are they holding this back, or are we in equilibrium...?

[mknight] 06/4/2020 15:18

Being currently held back by the mm.s

Which tells me our firworks start tomorrow .😀😀😀😀

[ntbb] 06/4/2020 15:17

Dow over 5% and gold going through the roof, wheres our rise?

[mknight] 06/4/2020 14:21

Gap filled

18.50 close or thereabouts

[ntbb] 06/4/2020 13:57

Solg racing like a tortoise

[mknight] 06/4/2020 13:52

A little tick up . Maybe the US and canadians need some solgold .

[mknight] 06/4/2020 13:05

25p jimmy

Come on thats not going to even get an rns.

[jammytass] 06/4/2020 12:54

25p offer on cards