Quote: "Solis believes the near surface mineralization comes from porphyry located about 300 meters down. Initial plans call for a 2,500 meter drill program on one of five different targets over a ten square km package identified with technical studies. One of two things happens. They either hit what they are aiming for or they don’t. Should they hit the shares go to $500 million and current shareholders get rich. The market cap of the company today is $8.44 million."
The next company, Solis (SLMN-V) is going to be a simple story to tell and for investors to understand. The company has an option on a copper project in Chile with a historic 10 million tonne resource of near surface high-grade copper/silver. At today’s prices that is worth $94.13 a tonne in USD or just short of a billion dollars.The option calls for Solis to pay $5 million to the vendor over a four-year period and to invest $5 million in exploration over the same four years. That will get them 100% ownership subject to a 2% NSR. But Solis is not interested in a $940 million copper/silver project in Chile where the government just turned really stupid.
Solis believes the near surface mineralization comes from porphyry located about 300 meters down. Initial plans call for a 2,500 meter drill program on one of five different targets over a ten square km package identified with technical studies.
One of two things happens. They either hit what they are aiming for or they don’t. Should they hit the shares go to $500 million and current shareholders get rich. The market cap of the company today is $8.44 million. If you need me to work out the potential for you, you really should be investing in something safe like Evergrande or Tether.
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