SP Angel Video Interview with IG Index UK, page-3

We must add Tenstar and SOLG staff and directors to the NM, DGR and Newcrest. shareholdings you show at the end of your post sol1.
There are also option held by this block. We get to around 40% of shareholders which will hold out for the top price or do a deal with BHP for Cascabel. As the SP Angel partner said the big prize is the 77 other concessions held in Ecuador. The SP Angel partner talked of 3- 4 Billion needed to develop Cascabel thus its gross value will be worth several billion more. If only 20 of the other concessions fly we may be looking at 100billion plus of gross value.
What is so fascinating for me is the extraordinary undervaluation of SOLG, although the market makers and parties with a vested interest in keeping the price down have done a great job. If you Google market makers for the LSE you will see how an arcane system can produce distortions in a market all in the name of increased market liquidity. Bear in mind the weak private holders are being bled out. Instos hold over 80% of the shares and the amount is growing. Instos generally aren't under pressure to sell and they are more objective as its not their retirement money or home mortgage etc.
More fascinating is the relatively muted response in the DGR price when the NTA is now 0.27 pre tax, say 0.22 after tax. The price was 0.22 years ago when we had no production from AJQ and ANW and had a fraction of our stable of tenements. NTA is a rudimentary base line. We should in fact be trading well above NTA like all other ASX mining juniors.