Peer Comparison to one of my other favourites. Fair value in my view based on geology today should be around 9c
Metric SolGold (Alpala, 2015–16) AQD (Cangallo, 2025) Broad runs 200–400m @ 0.3–0.5% CuEq 228–258m @ 0.36–0.37% Cu Standout early hole 1,180m @ 0.63% CuEq (set the tone) Not yet — deepest potential still to be tested by diamonds Footprint 500m+ and growing 800 × 500m and open Stage Early growth, pre-resource Early growth, pre-resource Market Cap ~US$120m by 2016 (after first strong hits) ~A$48m now (still at “lottery ticket” pricing)
The big difference is Alpala’s Hole 5 “monster” intercept (1,180m @ 0.63% CuEq) — AQD hasn’t drilled its deep diamond tests yet. Implication DIamond Drill is make or break (FOR THIS YEAR)
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