SOLG-New MRE:"Significant Resource Growth", page-9

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sol1

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09/10/18

08:06

Post #: 36044577
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Originally posted by sol1: ↑

"RESOURCE UPDATE FORTHCOMING AS C A T A L Y S T S LINE UP AT ALPALA."-National Bank Broker Note: "OUTPERFORM C$0.95 {was $0.60}."

https://twitter.com/SolGold_plc/status/1048093134398341120

Quote:
"Co targets a DOUBLING of Maiden Resource Estimates."

SOME NEW FIGURES: Ref Bank of Canada said note {Left hand side table}

>"Enterprise Value C$977 million."
"Market Cap: C$1,052m"
"Working capital A$77 million."
>"Mine Life: 35 yrs."
>"INITIAL CAPITAL: US$2,500m"
>"TOTAL EXPANSION CAPEX: US$496m"

>>>>>>"After-tax NPV: US$1,484m"<<<<<<<

"NAV/Share C$ 1.14"

Comment:
Again, similar to Liberum broker note: "Benchmarking Alpala, the Bank of Canada also comes up with $1.484m vs Liberum 69 British pence = US$1,500m.

This figure also matches with Tony Manini of EMR Capital + the recent Nevsun takeover [2 tweets posted already].

So, appears to be fair value at this stage of the game. However, Liberum is giving a 50% leeway in their target price as they factor only +50% for the coming Maiden Resource Estimate expected in Dec 2018.

It appears Bank of Canada are also quite open about these figures without the hoo ha relating to the Solgold Nov 2017 Presentation with conceptual figures?

So, if MORE proven up via drilling and discovery, I am sure there will be further updated broker notes.

The stockmarket is a precise game, hence the need to obtain precise data, info & figures.

IMHO. DYOR

P.S. I went to another Hotcopper stock to view and I found they did not have this posh set-up of the new format. Rushing so not editing.

Expand

"RIO TINTO CEO: WE ARE SPENDING $200M PER ANNUM ON COPPER EXPLORATION."
Video Interview, 8 Oct 2018
https://twitter.com/bindigove/status/1049401121012248576

Comment:
Solgold has spent US$100m so far from recall. I have to re-check when it is not so late.
Interesting that Rio also appears to be stepping UP the GAS, so to speak re: Copper?

DGR Price at posting: 14.0¢ Sentiment: None Disclosure: Not Held
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SOLG-New MRE:"Significant Resource Growth", page-9

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SOLG-New MRE:"Significant Resource Growth", page-9

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