Change Is On The Way (2)Now that we've commented on a very few of the big pieces that might drive SolGold shares closer to its
FAIR VALUE
As an undeveloped gold - silver- copper deposit with a 100 - year life,
Let's portray Newmont's possible interest as that company wraps up its due diligence of Newcrest.
Jump in anybody with questions or comments.
Newmont views SolGold More Attractively than BHP
1) Newmont's product portfolio is aligned with Gold, Copper, Silver.
BHP wants the copper, but is indifferent to the other 2 metals.
2) Newmont, being American, has more influence over IMF, World Bank to get power,
rail, port infrastructure built.
3) Ecuador wants the Llurimagua - Cascabel District developed but lacks borrowing capacity. Many thanks to State Curmudgeons from China with their STIFF FINANCING and TERRIBLE ENGINEERING. For context, ask an Ecuadorian about the safety record at Mirador Copper Mine, which is owned in part by a Chinese Railway Contruction Company.
(All this infrastructure could be built and owned privately - Quebec, North Shore and Labrador Railway comes to mind. That is a real possibility now that the political risk is reduced.)
Having Newmont as a shareholder woul raise the value and market price of SolGold shares.
And if you believe in the 5th wave of this gold supercycle.........................
SolGold might become a big part of Newmont' s ten-bag potential by 2028.
JMHO DYODD