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Tocvan Ventures Corp C.TOC

Alternate Symbol(s):  TCVNF

Tocvan Ventures Corp. is a Canada-based early-stage natural resource company. The Company is engaged in the acquisition, exploration, and, if warranted, development of mineral properties. The Company has two projects, the flagship Pilar Gold Project and the El Picacho Gold Project in the Sonora State of Mexico. The Company’s flagship project Pilar Gold is located approximately 130 kilometers (km) southeast of the capital of Sonora, Hermosillo. The project is fully road accessible and takes approximately two hours to drive to from Hermosillo to the town of Suaqui Grande on paved highway. From Suaqui Grande to the project site is approximately 30 mins on gravel road. The El Picacho Gold-Silver property is interpreted as an orogenic gold system within the regional Caborca Orogenic Gold Belt. The project is 140 km north of Hermosillo and totals 24 square kilometers (km2).


CSE:TOC - Post by User

Comment by lifegoesonon Jun 04, 2021 12:21pm
80 Views
Post# 33330246

RE:Aw

RE:AwWersig, good point, maybe overvalued is a strong word. Perhaps what I meant to say was no one wanted to buy, so this suggests the value is high given the price, and then when people started to sell there were so few buyers, the price collapsed to near $1. True value is only achieved when a resource is proven and a liquidity event occurs such as a buyout.  The alternative to a buyout is the share price continues to go up and everyone gets a chance to sell at higher prices. Well, hopefully we have had our correction, consolidation of the price, and more trading will occur as people get a cheaper chance to buy. One thing for certain, the people who bought shares all the way up to $1.50 didn't have a chance to sell their shares during this correction, I wonder why they bought and what they are thinking now with the price below $1.10. Nice correction, price needs to churn to make everyone happy that control of the price is established. Whatever the reason, we all want the price to go up according to the value of Pilar. Which with over 21,000 m of drilling, surely there must be value in the ground. However, there isn't a 43-101 filed, so who really knows yet. Let's see how the trading goes over the next while, if people bid to buy more stock, this would go a long way to price stability.
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