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Soma Gold Corp V.SOMA

Alternate Symbol(s):  SMAGF

Soma Gold Corp. is a Canada-based mining company. The Company is focused on gold production and exploration. It is engaged in the business of acquiring, exploring, developing, and operating mining properties in South America. It owns two adjacent mining properties in Antioquia, Colombia with a combined milling capacity of 675 tpd. The Company's principal operation is the El Bagre Gold Mining Complex (El Bagre), which consists of an operating gold processing plant (the El Bagre Mill) and the Cordero underground mine. The El Limon Project (El Limon) is adjacent to the El Bagre Project and includes a past producing underground mine and a gold processing plant with a capacity of approximately 225 tpd. The Company also owns an exploration property, Tucuma Exploration Project (Tucuma) copper/gold exploration project, which is located in the Carajas metallogenic province in the State of Para, Brazil.


TSXV:SOMA - Post by User

Comment by tobinator01on Dec 06, 2022 4:27pm
69 Views
Post# 35154463

RE:Aris gold 2.0 !

RE:Aris gold 2.0 !Soma has explosive potential certainly from the standpoint of its future revenue, EBITDA and market cap.  We may see the share price drift listlessly until the new updated resource estimate.  I received a proxy in the mail.  The annual meeting is December 16th.

The biggest issue here is the management team is not committed to any promotion of the company for investment.  Usually miners are well behind guidance and promote the hell out of their stock.  This one is exceeding guidance and is moot on telling the world about it.

One valuable lesson here is patience.  As the revenue, cash flow and earnings roll in the market will take notice.  Most of my shares were purchased over the summer.  I figure by the time summer 2023 rolls around, I'll have some very nice long term capital gains in Soma.
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