interesting snippet regarding solgold from an article talking...

interesting snippet regarding solgold from an article talking about the lundin deal

Mr Biswas said earlier this month that Solgold's Cascabel gold and copper project in Ecuador was not yet a tier-one asset, but it could be one day if further exploration was successful.
"We remain confident that it is a tier-one district for exploration, it is not yet a tier-one mine capability, they need to make more successes there, but we remain supportive and we are happy to be a shareholder in the company," he said.

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but only has 3 tier 1 assets with a target of 5 by 2020
Newcrest managing director Sandeep Biswas said earlier this month that Newcrest currently had three "tier one" assets in its portfolio (a reference to the Cadia and Lihir mines plus the Wafi-Golpu development project) but he wanted the company to have five tier one assets by 2020, and Newcrest has vowed recently to pivot toward growth now that its debt is under control

Read more: http://www.copyright link/business/mining/newcrest-doubles-down-on-ecuador-gold-and-copper-by-taking-27pc-lundin-stake-20180225-h0wmsh#ixzz58B7NcJLF
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