Sat 19 Nov 2016 Continuation of a Sober Moment [Solgold...

Sat 19 Nov 2016

Continuation of a Sober Moment [Solgold Potential on HC DGR thread]

LONDON SOLG FORUM - Solgold

Whilst I was having dinner, posters have been busy and Lottohopes [18:42pm London time, 19 Nov 2016] stated:"The amount paid in the ground has been charted  against grade of resource. page 21 out of 34, latest presentation.  90-330$ Range per tonne in the ground."


Observation:
Link: www.solgold.com.au [Investor Centre>Open>Presentation> Nov 16, 2016 Solgold Presentation IMARC Melbourne Presentation].

This was what I said in my earlier post about comparing like with like ie Tier 1 with Tier 1.

If one looks carefully at page 21, one will see the RED DIAMONDS and numbers to go with it. Those red numbers are the Holes at Alpala.

Extract: Chart shown by Solg of Alapala and other world renowed discoveries
Hole 7 & 11 appears to sit on the $90/ton line.
Hole 5,8 & 15 sits between $90-$120/ton
Hole 10 sits on the $12o/ton line
Hole 15&17 sits on the $120/ton - $150/ton line although Hole 15 is more towards $120/ton
Hole 1 sits on $150/ton line
Hole 9 sits on the $180/ton line
Hole 5 sits on the $180 -$210/ton line
Hole 12 sits on the $210/ton line
Hole 5 sits on the $240/ton line
Hole 12 sits on the $300/ton line
Hole 17 sits on the $330/ton line

Comparitives on the chart shown by Solg
Notice that Pebble is u n d e r  the $90/ton line
Notice Grasberg, Golpu  e n d s  at the $180/ton line
Only North Parkes Lift 1 is pulls away from the group $210/ton

ONLY CASCABEL-SOLG-ALAPALA  ie Hole 4, 12 & 17 pulls away from ALL renowed discoveries.

Please check as the diamonds are quite big and therefore on the line or close to the line needs to be individually checked.

Conclusion:

So obviously, the London Solg stock forum is NOT in agreement with $40/ton quoted by Father Ted of Hot Copper taken from the work of Kitco who took it from a geologist [appears to be independent].  I did say in my post Sober Moment also of today that the study is that not of renowned Tier 1 or really huge discoveries.

Apparently, Solg has put it in black and white from the studies and the co has said that Hole 17 was of "interest."

I am only quoting the $40/ton figure as this has been superceded by Solgold themselves in their Nov 2016 presentation and these are drawn from industry type accepted comparitives.

I trust this explains this whole discussion. Please check as there can be errors in typing and transposition.


Sol1 Hot Copper poster.

SOLGOLD PRESENTATION Nov 2016 [Ref]