A few other ponderings from this morning to consider. SolGold...

A few other ponderings from this morning to consider. SolGold have about 250k of drilling into alpala which would be about $90 million in expenditure at todays drill cost. That means lots of capital raised between now and sunstone becoming a $1b MC company. If gold and copper prices continue to rise, it may become easier to get your hands on capital for that drilling.

Getting SolGold into production is expected to take 5 years of building and developing once permitting and finance secured at a cost of 3.8 bill Aud and another 2.9 billion in post production capex. That means, for SolGold you are looking at 10+ years to pay of your initial capex for start of construction phase. I am assuming here that STM producing from a topographic high structure would significantly reduce capex and time taken to construct the infrastructure required. SolGold will block cave their deposit which requires you to develop a network of UG tunnels to quite a depth before you start caving from the bottom up.

SolGold have some phenomenal drill intersections, some of the best I have ever seen including 1344m @ 2.14 % Cu, 3.46 Au & 821m @18.03 % Cu and 0.98 g/t Au. If stm get intersections anywhere near this impressive, the project will return well for shareholders.