Solg secures US$750m to advance Cascabel Copper-Gold project, Ecuador, page-168

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RCee

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25/07/24

17:28

Post #: 74918813
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Originally posted by MZA: ↑

When you actually realise that we hold 6.8% of SOLG which holds the Cascabel Mine in Ecuador....and we are only a $23M MC company....you realise we are a pretty safe bet particularly in a jittery market.

As it stands right now our stake is valued at AUD $46M - exactly double our MC. This doesn't include our cash at bank circa $3.5M and other assets.

We are SOLG's 3rd biggest shareholder behind BHP & Newmont - both with circa 10%. So talk about a strategic shareholding.

Cascabel is considered a Top 20 mine globally in value with a USD 3.2B after tax NPV....28 year mine life (minimum) & 85% of the Cu / Au / Ag resource already proven.

All things from now are geared towards production commencing within 5 years max.

It's not hard to see DGR swept up in a takeover at this ridiculous MC sooner rather then later.

You have 3 esteemed European brokers with a 12 month price target circa GBP 60.00 for SOLG.

This would value DGR's stake at AUD 241M.

So yeah, you would think 10 cents is a valid short term SP target as a first stop....

GLTAH

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we are really SolGolds largest holder as Mather, DGR and Tenstar vote in a 14% block.
if you look at the cornerstone merger documents from a few years back, they counted all three as one major holder.

Last edited by RCee: 25/07/24

DGR Price at posting: 2.4¢ Sentiment: Hold Disclosure: Held
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Solg secures US$750m to advance Cascabel Copper-Gold project, Ecuador, page-168

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