----------------------Alpala, Cascabel, Maiden Resource, Jan 2018-----------
PARADIGM CAPITAL
gave an NPV of $1.4 billion, 12% discount rate, copper price $3.1, gold $1,250 and 25 yr mine life for Solgold in relation to Alpala. [See Investors Chronicle (IC) article above] . US$1.4 billion = £1 billion [Exchange rate £1=US$1.40 appox]
SOLGOLD - IC TIP, Fri,23 FEB 2018
at 22.9 British pence = £388 million Market Cap=US $543 million.
52 week high- 47 British pence = £776 million.
Conclusion:
At the 52 week high for Solgold 2017, the market cap of £776 million at 47p, r e a c h e d almost <> 3/4 <> of the Paradigm Capital NPV given for Solgold at £1 billion [US$1.4b].
Of note, is the Investors Chronicle mention of "Major Discovery" & "Potential Takeover Candidate" for Solgold. Please check as I cannot read it the 2nd time.
-----------------Aguinaga, Cascabel [2nd major drill]---------------------------
This is now anticipated but the exact date is yet to be announced [Solgold 14 Feb 2018 announcement or RNS].
The said RNS stated: "Aguinaga Drilling Program to C o m m e n c e in Mar 2018."
Link:
www.solgold.com.au
Ref: SOLGOLD Corporate Presentation - Mar 2016 [Cascabel,Towards a World Class Copper Gold Development]
Link:
www.solgold.com.au/presentations/
Page 39 stated: "Aguinaga looks like ALUMBRERA"
<> Alumbrera<>
Xstrata owned 50% - Operating Interest
Wheaton River Minerals owned 37.5%
Mineral reserves totalled 388 MT [million tonnes] proven grading 0.4% copper, 0.39g/t gold and 0.013% Moly + 10MT probable ore reserves grading 0.33% copper, 0.3% g/t & 0.015% Moly.
Link:
https://www.mining-techology.com/projects/bajo
**************M & A - Alumbrera***************
"BHP Billiton Announces Sale of Stake in Alumbrera." 26 Mar 2003
Link:
https://www.bhp.com/media-and-insig...illiton-announces--sale-of-stake-in-alumbrera
{If link does not work, plut the title into search engine}
Details:
BHP sold its 25% stake to Wheaton River Minerals for US$180 million.
My comment:
Therefore, via simple maths, 100% stake [grossed] comes to US$720 million to get an idea of project size.
Alumbrera at 388 MT is about a little under 1/2 the size of Alpala, Cascabel [Solgold].
Paradigm*s NPV for Alpala was, as above at S$1.4 billion.
Interesting.
Waiting for the s t a r t of Aguinaga drilling next which is NOT yet priced in? At this stage, P o t e n t i a l as one needs to see the r e s u l t s of the first 5 drills on this 2nd target at Cascabel. Just for discussion only.
________________________________________________________
REF: Alpala, Cascabel, Maiden Resource Statement, 3 Jan 2018 RNS/Ann
www.solgold.com.au
"1.08
[email protected]% Cu Eq at 0,3% Cut Off."
_________________________________________________________
Please check.
Sol1, Sat, 24 Feb 2018
(20min delay)
