Solgold Share Discussion Threads

[dmitribollokov] 05/12/2018 08:01

Yep, let’s hope the mkt stays calm!

[mirabeau] 05/12/2018 07:55

Yes, indicated, of course. Confidence > than inferred = greater value

this is a no-brainer, in time

[dmitribollokov] 05/12/2018 07:51

If that article is correct, that is just inferred resources, alpala is mostly indicated. It is also just for 30%. Alapala cheaper to extract too, the project cost above is nearly 2x as much at $4.7bn. Alpala equity is worth much more as you say. More like $6 of $7bn...

Asian mkts kept calm last night and US are out today, hopefully SOLG can quietly continue with their breakout uninterrupted.

[mirabeau] 05/12/2018 07:07

$1.2bn (£950m) for a 30% stake in QB2

The QB2 project has a 28-year mine life and includes 199-million tonnes of inferred resources within the life-of-mine (LoM) plan.

Alpala - 180-million tonnes - To remain conservative, we have modelled the continuous portion of the high-grade core (mined years 1-7) to be 180Mt grading 1.85% CuEq (was 180Mt grading 1.67% CuEq), (RCKS)

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You can see here even after adjusting for the difference between the 2 projects how much SOLG's 85% stake in ENSA would be worth..this stake alone is worth multiples of the current £700m m-cap...

[bmnsa] 04/12/2018 23:49

Iv been keeping some powder dry for a decent initial stake.Tomorrow may well be it.

[bmnsa] 04/12/2018 23:45

Blood on the trading floor tomorrow. Dow down 800.Lower entry point coming tomorrow IMO.

[dmitribollokov] 04/12/2018 22:43

You’d think alwaysevolving, but it doesn’t necessarily play out like that and there’s the rub. All boats float lower in a sinking tide. Remember back in 2008/09? I bought CEY at a discount to it’s net cash position! Many others were like that. At some point they benefit but i’d rather not be long when they’re in the being-crushed phase. Have to balance that out against all the good news coming down the pipe here. I’m long here in decent size for the record...

[dmitribollokov] 04/12/2018 22:17

Yep mirabeau, going to be frightening when all the bots are trying to put the same trade on at once...

Just wondering if there was a catalyst for that mini puke. Guess there wasn’t shows how jittery the mkts are atm.

[onedayrodders] 04/12/2018 22:05

All the economic indicators in the background re turning down but they don't mention those .. instead they like to concentrate on "FAANG Stocks"
Retail imploding, Real Estate imploding, Car Manufacturers laying off 1000's

The US-Chinese banter is just an irrelevant side show that means nothing

The Bear market IS IN for years and years IMHO

[mirabeau] 04/12/2018 22:01

04 Dec 2018 | 20:17 UTC Santiago | Chile

Teck, Sumitomo to build QB2 copper project, first production set for H2 2021

Santiago, Chile — Teck and Sumitomo are joining forces to build the Quebrada Blanca 2 copper mine project in northern Chile, with first production scheduled for the second half of 2021, Teck said Tuesday.

The QB2, which exploits sulfide resources beneath the current Quebrada Blanca copper oxides mine, is expected to produce an average 316,000 mt/year of copper in concentrate, plus silver and molybdenum during its first five years of operations at an average cost of $1.28/lb.

"QB2 is one of the world's premier undeveloped copper assets and this transaction further confirms the value of the project," said Teck CEO and President Don Lindsay.

Under the deal, which was announced Tuesday, Sumitomo Metal Mining Co. Ltd and Sumitomo Corp. will acquire a 30% stake in the mine for $1.2 billion. After the deal, Teck's participation will be reduced to 60% from 90%, while Chilean state mining company ENAMI retains a 10% non-funding stake.

Capital expenditure is estimated at $4.739 billion, which Teck said would be covered through $2.5 billion in project financing, Sumitomo's contribution and $693 million from Teck.

"This partnership significantly derisks Teck's investment in the project, enhances our project economics and preserves our ability to continue to return capital to shareholders and reduce bonds currently outstanding," Lindsay said.

The construction decision comes three months after environmental authorities in northern Chile approved the project and a week after the country's Supreme Court threw out a challenge to the license by local indigenous communities.

With engineering 80% complete, Teck said that the project will use the latest mining technologies, including autonomous mine trucks run from an integrated operations center 1,700 km away in Santiago and a desalination plant.

The 28-year mine plan for the project exploits than 25% of the total reserves and resources defined at the site and Teck has already begun a scoping study on a further expansion dubbed QB3.

"QB2 will be a long life, low-cost operation with major expansion potential, including the option to double production or more, to become a top five global copper producer," commented Lindsay, adding that the QB3 project would make copper as important to Teck's revenues as its coking coal business.

The project is the latest major investment confirmed in Chile's mining industry since copper prices recovered from record lows about two years ago. BHP is expanding its Spence mine, Antofagasta is investing $1 billion to upgrade its Los Pelambres operation and Capstone Mining is seeking a partner to revive its Santo Domingo project. -- Tom Azzopardi, [e-mail]

-- Edited by Valarie Jackson, [e-mail]

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Where does this place Alpala in terms of value?

[mirabeau] 04/12/2018 21:50

db - Just the usual volatility related to US-Chinese trade...those algo-bots working overtime to maximise their return from extreme volatility

PEA expected 'end-Jan 2019' according to a SOLG email received by a poster on the L-SE forum. This nicely coincides with BHP's operational review for the 6 months ended Dec 2018 which is around 22 Jan-2019..

[onedayrodders] 04/12/2018 21:50

Multi Year Bear Market has begun .. last few up days over there were "corrections"

[dmitribollokov] 04/12/2018 18:51

What on earth is going on in US equities?

[mam fach] 04/12/2018 16:38

It's looking good.
Higher volume of trades , narrow spread.
First time i've had a stocks and shares Isa.
Best be prepared.

[dmitribollokov] 04/12/2018 16:33

And so it begins...

[onedayrodders] 04/12/2018 16:27

:o)

c'mon 38 handle !

[lefrene] 04/12/2018 16:08

If you say so mknight. I'd be happier if it would quintuple though :¬)

No ODR, definitely not a pennant to be seen anywhere, nowhere at all, but is that a nice luverly turnip taking shape?

[mknight] 04/12/2018 16:03

Lefrene

Maybe because the share price should be atleast double .

[onedayrodders] 04/12/2018 16:00

Well it's definitely not a "pennant"

;o)

[lefrene] 04/12/2018 15:59

So what is bringing in the buyers today?

[onedayrodders] 04/12/2018 15:29

Can we break the slide down from mid October !

[mknight] 04/12/2018 14:49

Mira

How many shares are on offer at 37.5

37.75 and 38 please