Solgold Share Discussion Threads

[trev1223] 02/1/2019 15:46

dmitri
I agree these results are awesome. What I would like to know is, what the cost of setting up a copper producing plant. Pretty astronomical I would imagine in both time and money. Producing gold nuggets is far less costly as my understanding is that the plant is usually mobile. Any knowledge on producing these two metals.

[dmitribollokov] 02/1/2019 15:01

Excellent. I could offer you some geological input, but as you’ve already indicated from not being able to interpret pretty simple results yourself, you wouldn’t understand it, so i haven’t got the time nor the inclination to educate you from basics. Especially given your manner.

Why should anyone help you - and why are you invested in an exploration mining stock if you can’t interpret initial stage results? I’m not being acerbic, it’s a genuine concen.

[jerryspaniel] 02/1/2019 14:57

Thanks for the lesson Dimitri. In the absence of any geological input, I will draw my own conclusions.

[dmitribollokov] 02/1/2019 13:36

No, i am not a geophysicist, nor am i like you. I have been a long time commodities and mining investor.

Don’t trust opinions of people you’ve never met anyway. Do some digging (excuse the pun) compare the results with other large finds when they were at similar stages. Educate yourself. Look at mining time lines, average grades for the commodity in productive mines, the stages from initial discovery to production, what the various stages are. Rock chips/rock saw channels/RC drilling/diamond drilling/assaying/MRE/JORC/PEA/PFS/BFS etc. Be up to speed with all these terms. If you don’t understand it, you shouldn’t really be invested - Investing 101!

If you are up to speed with all of that and then you put into context where these results come from, combined with the company behind them in the current industry climate, then you will rightly conclude that these results for the stage this project is at are “awesome”;... ;-)

[jerryspaniel] 02/1/2019 12:55

Dimitri. You may well be right, but do you have the skills to interpret them as 'awesome'? You may be a geophysicist or a geologist, or a mining engineer or just someone like me, w/o the necessary knowledge to make such a statement.
Just trying to add some depth to the statements that's all.

[mknight] 02/1/2019 12:31

It is the only way to get it over to the investors just how big the source is . If he did a full regional rns then it would not have the same affect imho

[dmitribollokov] 02/1/2019 12:25

Yep agreed McK.

[mknight] 02/1/2019 12:20

And more to come ,remember we have not been updated since June of last year . I would think we will have one a week for the next few months .

[dmitribollokov] 02/1/2019 12:17

It’s not a few metres here or there. It’s high grade decent length surface-type intervals that are the start of building a puzzle as to whether there is another tier 1 deposit here. As early results on another prospect, given what we know can lie in the ground around here, they are awesome.

[jerryspaniel] 02/1/2019 12:09

Does anyone have the skills to interpret this RNS? A few metres here and there, while interesting, is hardly a second deposit.

[dmitribollokov] 02/1/2019 11:38

Chart looks great here, just needs to nudge through that 38/39 resistance and it will be away. Feels like NM has more RNSs to come before PEA. Then the fireworks...

[mknight] 02/1/2019 11:31

Will he keep hitting us with exploration updates on the other 10 projects. I think he will and just maybe they will get even better than the one this morning which is unbelievably good.

[arcadian] 02/1/2019 11:21

What is this saying?

Catch all of me while you can?

The high grades and strong gold endowment at Alpala and Porvenir provides SolGold with a unique opportunity to develop this Company without resorting to dilutive and erosive joint ventures.

SolGold has identified and secured the best of an entire copper-gold province, the size and metallogenic signature of northern Chile. That's a unique approach that can't be replicated. We are confident that Alpala and now Porvenir Target 15 are the first projects in a long, large and rich string of them.

We have the cash, the expertise and the focus to deliver".

[lefrene] 02/1/2019 10:58

Plat Hunter, I suspect that NM has more than one potential strategy to extract best value here, but to get best value he needs the respect of the industry. If he demonstrates he can go it alone, then others who want in on the prospects will have to come up with a worthwhile offer, a better offer than if he is perceived as being hamstrung without outside money. Anyway the first rung on the ladder is the PEA whenever that turns up.

[plat hunter] 02/1/2019 10:47

Mam how fo you hold from 3p to plus 40 that is ball sof steel. you must be tripping high as a kite every day on pure life with that.

Well done and all the best

[plat hunter] 02/1/2019 10:46

If NM is looking to develop a producing asset then it will be more than likely on the back of a big big partner like BHP for example.

I would have thought though that any project exit strategy would be to develop expo projects to the point of independent PFS reports then to sell the asset on to a miner big enough to handle it.

Just my opinion, which of course has been highlighted as limited by a few here.

[goldrush] 02/1/2019 10:38

lefrene

Well said and NM does not look like the type of person who is going to fail here. What an opportunity he has and he will not drop the ball IMHO.

[lefrene] 02/1/2019 10:31

NM has to demonstrate that he can create a serious path to production in order to get fair value, or risk a low ball offer from a would be buyer. NM knows his industry, no low down trick will go untried to get assets on the cheap, so he has to counter with a credible path to production.

[pob69] 02/1/2019 10:30

Splendid Green Rock Porvenir update for $SOLG $SOLG.L Solgold #ecuador. It's worth recalling their webcast from 28/11 when the team identified what they were most excited about for 2019. Nick Mather went for La Hueca No6 and Porvenier No15, whilst Jason Ward went for Rio Amarillo with Steve Garwin going for Blanca Neives and Sharug. Benn Whistler stuck with Cascabel as his only focus.

Nick Mather's RNS comments are telling: "The high grades and strong gold endowment at Alpala and Porvenir provides SolGold with a unique opportunity to develop this Company without resorting to dilutive and erosive joint ventures.

SolGold has identified and secured the best of an entire copper-gold province, the size and metallogenic signature of northern Chile. That's a unique approach that can't be replicated. We are confident that Alpala and now Porvenir Target 15 are the first projects in a long, large and rich string of them.

We have the cash, the expertise and the focus to deliver".

These guys under-commit and over-deliver so there is still plenty of news to come.

[mam fach] 02/1/2019 10:18

Holding on for £1.
Unfortunately nothing seems to move price @ the moment.
It should be 46p-50p by now.
Think NM saying he will take it to production (he's always said this)
is putting people off because of the enormity of the project.

[alwaysevolving] 02/1/2019 10:06

Hats off to you Mam fach. If I’d been in since 3p I think I would have taken profits before now. What a result holding since 3p. I wish!

[goldrush] 02/1/2019 09:23

24k 37.05 v 45k 37.80

[sidarthur2] 02/1/2019 09:19

L2 anyone?

[5070481] 02/1/2019 08:37

Will be interesting to see if the order book has been stacked ot put off buyers. NOt a big fan of the consiracy theories on MM games but that is a hell of a lot of sell orders to be placed in plain site at prices that clearly arent going to be hit all that soon anyway.