Hi Guys .Worth the effort for the hour and some interesting...

Hi Guys .

Worth the effort for the hour and some interesting comments from their team and probably needs to be listened to more than once to take in the enormity of the Alpala Project and its 55 year life.

Although the full and final feasibility study is Q1 2021 the PFS will be out in Q3 2020 and that may be a catalyst for a SP rise also once financing measures are released and there are many options available as everyone wants to be part of this project as per 10 offers from smelters and traders mentioned then that will also help the SP upward.
NM did say that he did NOT WANT to have to use equity raising with the current Market Cap and share price because it is GROSSLY UNDERVALUED.

NM said it would be disastrous to sell the Alpala Project because of the TAX situation and they would loose the funds produced by the mining going forward to fund the other 12 or so other maybe tier 1 Projects they have in the pipeline.He said you only get ONE chance to have the cash earned from Alpala to fund SOLG other Projects.

Interestingly Ben Whistler commented on drilling -he said the Resource drilling for Alpala is finished it is drilled at 60m centres and any further drilling would have little effect on the resource as it stands. He said they were EXTREMELY CONFIDENT of the GRADES and extent of the Resouce that is MRE3.

The Cornerstone TO is still happening it has problems because of the speed at which information being gathered is arriving and they have to continually update the offer to compensate but will eventuate.


Will have another listen and may add more then.

A LT Investment for those that can put it away for the next 5 years and bring it out to fund later life. It will no doubt be a RIO or BHP SP in time to come .

GLTAH

moureeses