Their valuation is a tiny step in the right direction but assumes SOLG will be forced to accept a big discount to fair value for Cascabel alone. Cascabel has 15 targets. Alpala is just one
The 73 other properties in the best mining provinces of Ecuador are in high Cu/Au bearing geology. One rock chip sample taken contained 12% Cu.
Analysts are inherently conservative. In this case they have ignored the Mather factor and the Newcrest factor.
This is not some green junior explorer relying on bluster and hyperbole to hold up its price until the owners can on sell their shares. Solgold has a 20 plus year vision. They are a nascent major mining company.
Several earlier articles by mining journalists asked Is this the biggest Cu story around. It is.
Solg could be worth 1-2 pounds just on Cascabel. At just 1 pound for all of Solg the dgr nta is worth over AUD 0.60
This is a poker game. Newcrest has falling Au reserves. It needs a big project. They’ll blink when another major makes a major move.
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Mkt cap ! $14.61M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 28219 | 0.130 |
3 | 250000 | 0.125 |
3 | 1020491 | 0.120 |
1 | 500000 | 0.115 |
3 | 99220 | 0.105 |
Price($) | Vol. | No. |
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0.135 | 65000 | 1 |
0.140 | 393111 | 1 |
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