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clock Created with Sketch. 29/03/24
13:42
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Originally posted by sol1:
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----SOLGOLD: 60p just for Alpala alone.--- Basis of calculation by Solgold re: 60p? Solg cites M & A paid for copper deposits at 6c USD per lb. ALPALA , Cascabel, Ecuador.12.4mt copper [Source: Feb article by John Cronford, Master Investors, Mining Analyst.] TANDAMAYA, Cascabel, Ecuador.[Source: ditto as above.] PORVENIR, Southern Ecuador [Source: ditto as above] BLANCA NIEVES, Northern Ecuador.2.5km x 2.5km ---GREATER IN EXTENT THAN ALPALA. US$405M/ £321M ,excluding Blanca Nieves. 52 wk high: 22.6p, 52 wk low: 5.62p. [Conclusion: 5.62p was a real bargain with dis-connect to the assets above.] So, 60p just for Alpala, 10p for Tandamaya & |Porvenir gold= 70p. [NOT INCLUDING BLANCA NIEVES YET WHICH IS MUCH BIGGER THAN ALPALA AND BONANZA GOLD GRADES. Also not included Tandamaya copper M & A. Tandamaya is close to Alpala. = 70p Based on M & A.
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SOLGOLD 60 pence just for ALPALA deposit, Tier 1. Source: Solgold tweet and presentation today, Thur, 28.3.24. 10 pence just for the gold [ex copper] at US$30/oz in the ground per M & A. 60 pence IF, it can be proven to be a Tier 1, given "extent larger than Alpala" and has bonanza gold grades and is near Alpala [to be integrated into Alpala]. DRILLING/EXPLORATION ETC : OVER $300M spent per tweet today by Solgold equates to about 10p.
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