Solgold Share Discussion Threads

[celeritas] 15/5/2018 12:56

I dont think BLT are that interested what the banks say, no shortage of backers.

This from Nov last year.


BHP Billiton is on the hunt for its next big copper project.

The world’s largest miner said it is looking to add more copper to its portfolio through exploration, as demand increases for the metal in renewable energy and electric cars.

It is open to forming alliances with junior mining companies, said Danny Malchuk, president of operations in the Americas.

“We want more copper resources in our portfolio,” Mr Malchuk said. “And we believe the most valuable pathway to achieving this is through exploration, the drill-bit.”

The company’s exploration portfolio consists of 79 projects covering 1.8m hectares, he said. BHP is looking at discoveries in Ecuador, Chile, Peru, the southwest of the US and Australia, he said.

“As BHP our thresholds are very high — we don’t settle for the regular Joe type of copper mine. We go for the big stuff,” Mr Malchuk said.

Miners are having to spend billions of dollars on their existing copper mines just to keep supply steady, as they dig ever deeper for supplies. That’s likely to lead to a deficit in supply by the beginning of the next decade, according to Mr Malchuk.

BHP has invested close to $10bn in its Escondida copper mine in Chile over the past five to six years to maintain production at around 1.2m tonnes a year.

[lefrene] 15/5/2018 12:28

I'm guessing that the game is essentially down to the Banks (presumably Canadian Banks), when billions are required no Bank is going to put up the dosh without proof that there is more than enough metal there to underwrite the costs to get it to production.

Thus interested miners are unlikely to throw their hat in the ring until an MRE confirms the metal, and somebody has costed the job. Unless of course there is a miner big enough to call their own shots? But then what careerist is going to risk his salary and pension on a pre-emptive strike? Perhaps Jack Ma would like to go into mining? :¬)

[mrpiggy] 15/5/2018 12:08

The waiting is a killer though :¬(Yes, I'm in full agreement with you on that lefrene. If it's any consolation I'm in ARS too and that is equally as painful!

[celeritas] 15/5/2018 12:07

Electric cars and the infrastructure that is needed to drive the revolution will drive copper way higher and along with that miners.
Large discoveries are few and far between these days so I eventually expect solg to be the target of a bidding war as the super miners slug it out for the best resources.

[lefrene] 15/5/2018 11:58

I also like the bit that says the infrastructure represents potential savings of $3bn to a miner setting up shop. I'm guessing that it's those potential cost savings (and time savings) that makes Cascabel a tempting morsel to a predator. It might be the cheapest fastest large mine to production? The waiting is a killer though :¬(

[lefrene] 14/5/2018 16:25

I didn't misread it, these people have been on site recently.

[lefrene] 14/5/2018 12:56

ODR, I hope I didn't misread it! But that's how I understood it.

[onedayrodders] 14/5/2018 12:43

"I noticed in that report for the TSX that the amount of drilling achieved in the past six months almost equals all of the previous drilling. "

wow that's interesting lefrene .. they are really going for it

[mam fach] 14/5/2018 12:39

Agree again.Not impossible that there could be a takeover or partial sell off.
I know NM says differently but then he's not going to say he would sell out.
After all he's not getting any younger either!
Maybe one day we will wake up and be top of the share risers.
As I have said many, many times I am holding on to my shares.
Good luck all holders.

[lefrene] 14/5/2018 11:51

That's the bind mam fach, it could take years or some outfit hungry for long term ore might pounce at any time? I noticed in that report for the TSX that the amount of drilling achieved in the past six months almost equals all of the previous drilling. Quite likely by now they will have exceeded all the previous drilling, so there ought to be quite a bit of news due.

[mam fach] 14/5/2018 09:30

Can't fault your summary of potential prospects.
Agree with your thoughts entirely.
My only concern is that it might/will take years.
Let's hope its sooner rather than later.
Time is marching on and none of us is getting any younger!

[lefrene] 13/5/2018 20:36

The length of a piece of string is about as much guide as anything else. Cascabel seems to be shaping up to have an equivalent to 20 million tons of copper (my guess), which is worth roughly £5000 a ton, so that's a potential end value of £100 billion! WoW! So what's it worth in the ground? Again my guess due to excellent nearby infrastructure is 2% to 4% (this is where NM earns his handsome salary) but 2% of £100bn is £2bn or about 4 times the current share price. This purely my rosey tinted guessing, and taking Cascabel as a whole. There is nothing in that price for all the other 73 properties Solg controls, some of which appear to be very promising.

My further guess is that Solg can't mine alone on Cascabel it will need a partner, which would seem likely to be Newcrest. However Solg does need yet more cash to keep drilling holes in the jungle, so some money needs to come in from somewhere. If I know this then of course the 12 miners giving Solg the eye will know it too, plus no doubt a great deal more about what it is likely to cost to get it up and running and how long it will take.

Luckily NM seems a tough wily old bird, he's not desperate for cash, and as time passes and the copper gets proved up in increasing quantity, then so his hand in the game improves. It's a stand off that works for him, if somebody wants to get it from him then they will likely have to trump Newcrest as well. So perhaps we would get nearer that 4% in an out right bid? :¬) I sleep at night holding this one, even if I am in bed with Blackrock!

[mam fach] 13/5/2018 13:39

Impossible to predict.
Enormity of discovery is holding back share price.
If we could sell off or lease out some areas it would
give share price a boost.
NM has said he will be taking company to production.
Now for nitty gritty.
Which is the jewel in the crown?
I don't know the answer.
Long term this is going to be £££;££'s .IMHO.

[deejay007] 13/5/2018 12:09

Newbie Question,

Grateful for opinions on a likely bid price for Alpala (if/when one ever arrives) ?

TIA

[alwaysevolving] 12/5/2018 14:02

Or a stonking great big offer to take out ;-)

[mam fach] 12/5/2018 09:47

Market taking no notice at all of new discoveries or any rns.
Adding value all the time, if anything less might be more.
Can only hang on and wait for market to wake up and smell the coffee.

[pecker1] 12/5/2018 07:55

Agree - particularly liked this reference to new discoveries at La Hueca:

"Recently, two exciting new target areas have been discovered trending in a north western direction on the western portion of the project. Results
indicate a large copper-rich porphyry system centred on a diorite complex."

Doubt if the market is giving any significant value to Solg's regional exploration activities and the growing list of promising early stage results.

[lefrene] 11/5/2018 14:16

Worth going to their website and reading the report for the TSX.

[luckyvince] 10/5/2018 21:19

Brahmsnliszt...care to share your thoughts on the bullish shares, in need of a little excitement right now.

[mirabeau] 10/5/2018 20:47

26p-27p consolidation pattern - very unique - does suggest the price is eagerly awaiting a pivotal update -

which way will the price head? up or down from this holding pattern?

[onedayrodders] 10/5/2018 20:42

our time will come though

[onedayrodders] 10/5/2018 20:42

especially now they have canned the regular MRE updates

[brahmsnliszt] 10/5/2018 12:16

remain long here from 23-24p but had to sell small today to free up for opps elsewhere. I wonder if SOLG is suffering a bit of that of late. Plenty of bullish stocks out there and temptation here is to cut a little and deploy elsewhere on more active stocks.

[lefrene] 10/5/2018 11:55

Yup, going a bit more saggy bottom just now. Bound to drift without promised updates, though no doubt they have good reasons for whatever the new strategy is.

[onedayrodders] 10/5/2018 11:37

OK ... scrub the bullish flag / pennant comment

:O/