TSXV:SGO - Post Discussion
Post by
partystocker on Nov 11, 2021 11:02am
$SGO
Sonoro Gold Corp $SGO/$SGO.V is continuing to consolidate around $.19 after taking a 54% hit. It’s great to see prices stabilizing and re-establishing a base at historical support.
I think we still have a few weeks of consolidation to see before prices start to climb again. $SGO made some strong announcements at the end of October regarding their operations at the Cerro Caliche project.
Along with the announcement of a 10 000 metre drilling program, they also released a preliminary economic assessment for the project which states an after-tax NPV of $41.5M at a 5% discount rate.
I’m going to be watching $SGO closely for the next few weeks. I think some positive news could spur positive price action to take shares on a climb back up to the $.35 range.
$SGO is currently trading at $.19 and is valued at $18.47M.
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