Now that BHP has the chequebook out for a copper deal, the spotlight has turned on one of its other copper plays.
Now that BHP has the chequebook out for a big copper deal, the spotlight has turned on other potential targets in the sector.
SolGold owns 85 per cent of the Cascabel project in Ecuador, which it wants to get into production by the end of the decade.The list includes Australia’s IGO Ltd, Nickel Mines and Chalice Mining, Toronto-listed Lundin Mining and Ivanhoe Mines, and a bunch of overlooked African base metals plays trading in South Africa.
Unlike BHP’s current target OZ Minerals, SolGold is attracting headlines for all the wrong reasons. The company lost its new CFO after only a month or so last week, butted heads with some shareholders over a pulled equity raising in July, and is short on near-term cash.What SolGold does have is a big and promising copper/gold/silver project in Ecuador, called Cascabel, that it is trying to develop at a $US2.7 billion pre-production cost this decade., and generate $US14.
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