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.
- Forums
- ASX - By Stock
- Ann: High grade gold and silver at Limon, Bramaderos
A few other ponderings from this morning to consider. SolGold...
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add STM (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $47.72M |
Open | High | Low | Value | Volume |
1.1¢ | 1.3¢ | 1.1¢ | $130.9K | 11.41M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 5646454 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 735639 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 3659953 | 0.011 |
28 | 10060982 | 0.010 |
15 | 7179554 | 0.009 |
5 | 1997000 | 0.008 |
4 | 842999 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 735639 | 2 |
0.014 | 936789 | 3 |
0.015 | 2090755 | 4 |
0.016 | 1688758 | 5 |
0.017 | 500000 | 1 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
|
|||||
Last
1.1¢ |
  |
Change
0.001 ( 8.33 %) |
|||
Open | High | Low | Volume | ||
1.1¢ | 1.2¢ | 1.1¢ | 886657 | ||
Last updated 15.58pm 24/05/2024 ? |
Featured News
STM (ASX) Chart |