Solgold: Jiangxi Copper of China ups to 6.022% from 5.16% ,16.6.23 Ann, page-124

----SOLGOLD: 60p just for Alpala alone.---
Tweeted by Solgold on Twitter today, Thur, 28 Mar 2024.
Based on a presentation: 10 reasons to invest in Solgold.
Basis of calculation by Solgold re: 60p? Solg cites M & A paid for copper deposits at 6c USD per lb. This was also cited by the President of Cornerstone of Canada, the old JV partner. Copper price is around US$4/lb.


ALPALA, Cascabel, Ecuador.
12.4mt copper
31.3moz gold [Source: Feb article by John Cronford, Master Investors, Mining Analyst.]


TANDAMAYA, Cascabel, Ecuador.
1.23mt copper
6.5moz gold [Source: ditto as above.]

PORVENIR, Southern Ecuador
7moz gold equiv. [Source: ditto as above]

BLANCA NIEVES, Northern Ecuador.
2.5km x 2.5km ---GREATER IN EXTENT THAN ALPALA.
Intention to "integrate" with Alpala as it is close to it. Bonanza gold grades.

---------------GOLD M & A =US$30 per oz.-------
----------------COPPER M & A = 4c USD per lb.----
6.5moz gold + 7moz gold at Tandamaya & Porvenir [excludes copper 1.23mt which now as just doing cals for gold]= 13.5moz xUS$30=US$405M/ £321M ,excluding Blanca Nieves.

Solgold share price closed +12.59% at 10.46 British pence, MKT CAP £313.9M. 52 wk high: 22.6p, 52 wk low: 5.62p. [Conclusion: 5.62p was a real bargain with dis-connect to the assets above.]
So, 60p just for Alpala, 10p for Tandamaya & |Porvenir gold= 70p. [NOT INCLUDING BLANCA NIEVES YET WHICH IS MUCH BIGGER THAN ALPALA AND BONANZA GOLD GRADES. Also not included Tandamaya copper M & A. Tandamaya is close to Alpala. = 70p [excluding Tandamaya copper, not calculated yet and Blanca Nieves, greater extent than Alpala, the prize.] Based on M & A.